PS International Group (NASDAQ:PSIG – Get Free Report) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Sunday, Wall Street Zen reports.
Separately, Weiss Ratings upgraded PS International Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday, November 2nd. One equities research analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has a consensus rating of “Sell”.
Read Our Latest Analysis on PSIG
PS International Group Stock Performance
Shares of PSIG opened at $5.36 on Friday. The stock’s 50-day moving average is $4.08 and its two-hundred day moving average is $4.93. PS International Group has a 12 month low of $1.03 and a 12 month high of $12.00.
PS International Group (NASDAQ:PSIG – Get Free Report) last issued its earnings results on Tuesday, November 3rd. The company reported ($0.36) earnings per share for the quarter. The firm had revenue of $13.27 million during the quarter.
Institutional Inflows and Outflows
A hedge fund recently raised its position in PS International Group stock. Renaissance Technologies LLC raised its holdings in shares of PS International Group Ltd. (NASDAQ:PSIG – Free Report) by 140.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 26,401 shares of the company’s stock after purchasing an additional 15,424 shares during the quarter. Renaissance Technologies LLC owned 0.17% of PS International Group worth $162,000 at the end of the most recent quarter. Institutional investors own 29.70% of the company’s stock.
About PS International Group
PS International Group Limited is a Hong Kong-based logistics and freight-forwarding company. Through its operating subsidiaries, the company arranges the movement of cargo for customers using ocean, air and ground transportation services.
Its services may include freight booking and coordination, customs clearance, trucking, cargo warehousing and related logistics support. The company serves businesses that require transportation and supply-chain services for shipments moving through Hong Kong and other international trade routes.
PS International Group operates as a holding company for its logistics businesses.
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