Performance Sports Group Ltd. (PSG) Shares Up 40%
Performance Sports Group Ltd. (NYSE:PSG)’s share price shot up 40% during mid-day trading on Friday . The stock traded as high as $2.69 and last traded at $2.52, with a volume of 6,298,084 shares trading hands. The stock had previously closed at $1.80.
Several research firms have recently issued reports on PSG. RBC Capital Markets downgraded shares of Performance Sports Group from a “sector perform” rating to an “underperform” rating in a research note on Monday. Zacks Investment Research downgraded shares of Performance Sports Group from a “hold” rating to a “strong sell” rating in a research note on Friday, June 3rd. Wunderlich dropped their price target on shares of Performance Sports Group from $6.00 to $4.00 and set a “hold” rating for the company in a research note on Thursday, June 9th. DA Davidson downgraded shares of Performance Sports Group from a “buy” rating to a “neutral” rating and dropped their price target for the company from $4.00 to $2.00 in a research note on Tuesday, August 16th. Finally, Bank of America Corp. reaffirmed a “sell” rating on shares of Performance Sports Group in a research note on Thursday, June 9th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $7.40.
The company’s market capitalization is $111.94 million. The company has a 50 day moving average price of $2.87 and a 200-day moving average price of $3.84.
Performance Sports Group Ltd. is engaged in the design, manufacture and distribution of performance sports equipment for ice hockey, roller hockey, baseball and softball, lacrosse, as well as related apparel and accessories, including soccer apparel. The Company’s segments include Hockey, Baseball/Softball and Other Sports.
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