Performance Sports Group Ltd. (PSG) Shares Up 31.4%
Performance Sports Group Ltd. (NYSE:PSG) traded up 31.4% during trading on Friday . The stock 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.
Several equities research analysts have commented on the stock. RBC Capital Markets lowered shares of Performance Sports Group from a “sector perform” rating to an “underperform” rating in a research report on Monday, August 22nd. Zacks Investment Research lowered shares of Performance Sports Group from a “hold” rating to a “strong sell” rating in a research report on Friday, June 3rd. Wunderlich decreased their price objective on shares of Performance Sports Group from $6.00 to $4.00 and set a “hold” rating on the stock in a research report on Thursday, June 9th. DA Davidson lowered shares of Performance Sports Group from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $4.00 to $2.00 in a research report on Tuesday, August 16th. Finally, Bank of America Corp. reiterated a “sell” rating on shares of Performance Sports Group in a research report on Thursday, June 9th. Two investment 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 company has an average rating of “Hold” and an average target price of $7.40.
The stock’s market capitalization is $162.21 million. The firm’s 50-day moving average is $2.83 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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