Performance Sports Group Ltd. (PSG) Trading Up 31.4%
Performance Sports Group Ltd. (NYSE:PSG) shares were up 31.4% during trading on Friday . The company traded as high as $3.64 and last traded at $3.56, with a volume of 4,067,949 shares traded. The stock had previously closed at $2.71.
A number of research analysts have commented on PSG shares. Roth Capital restated a “buy” rating on shares of Performance Sports Group in a research note on Tuesday, July 12th. Wunderlich decreased their price target on Performance Sports Group from $6.00 to $4.00 and set a “hold” rating on the stock in a research note on Thursday, June 9th. Zacks Investment Research upgraded Performance Sports Group from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 10th. Bank of America Corp. restated a “hold” rating on shares of Performance Sports Group in a research note on Wednesday, August 17th. Finally, DA Davidson cut Performance Sports Group from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $4.00 to $2.00 in a research note on Tuesday, August 16th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $7.40.
The firm’s market cap is $162.21 million. The company’s 50-day moving average is $2.80 and its 200-day moving average is $3.67.
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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