PS International Group (NASDAQ:PSIG) Releases Quarterly Earnings Results

PS International Group (NASDAQ:PSIG) issued its quarterly earnings results on Tuesday. The company reported ($0.36) earnings per share (EPS) for the quarter, FiscalAI reports. The company had revenue of $13.27 million during the quarter.

PS International Group Stock Down 1.4%

PSIG stock traded down $0.07 during midday trading on Thursday, hitting $5.14. 3,899,089 shares of the stock traded hands, compared to its average volume of 820,661. PS International Group has a 1-year low of $1.03 and a 1-year high of $12.00. The stock’s fifty day simple moving average is $3.88 and its 200-day simple moving average is $4.92.

Wall Street Analyst Weigh In

PSIG has been the topic of a number of research reports. Weiss Ratings raised shares of PS International Group from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday. Wall Street Zen upgraded PS International Group from a “sell” rating to a “hold” rating in a report on Saturday, October 31st. One investment analyst has rated the stock with a Sell rating. Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Institutional Investors Weigh In On PS International Group

An institutional investor recently raised its position in PS International Group stock. Renaissance Technologies LLC lifted its holdings in PS International Group Ltd. (NASDAQ:PSIG) by 140.5% in the 1st quarter, according to the company in its most recent 13F 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 period. Renaissance Technologies LLC owned about 0.17% of PS International Group worth $162,000 as of its most recent filing with the Securities & Exchange Commission. 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.