Wall Street Zen upgraded shares of PS International Group (NASDAQ:PSIG – Free Report) from a sell rating to a hold rating in a report published on Saturday,Wall Street Zen reports.
Separately, Weiss Ratings downgraded PS International Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, August 20th. One analyst has rated the stock with a Sell rating. According to data from MarketBeat, PS International Group presently has a consensus rating of “Sell”.
Get Our Latest Research Report on PSIG
PS International Group Price Performance
PSIG stock opened at $4.91 on Friday. PS International Group has a twelve month low of $1.03 and a twelve month high of $12.00. The business has a 50 day moving average of $3.76 and a 200 day moving average of $4.91.
Institutional Investors Weigh In On PS International Group
An institutional investor recently raised its position in PS International Group stock. Renaissance Technologies LLC increased its position in 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 fund owned 26,401 shares of the company’s stock after acquiring an additional 15,424 shares during the period. Renaissance Technologies LLC owned about 0.17% of PS International Group worth $162,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 29.70% of the company’s stock.
PS International Group Company Profile
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.
Further Reading
- Five stocks we like better than PS International Group
- AbbVie’s Humira Era Is Fading, But Its New Growth Engines Face Another Test
- GLP-1 Focus or Broader Peptide Exposure: Which ETF Has the Edge?
- Mortgage Rates Froze U.S. Housing, But These 3 Overseas Markets Still Pay Double Digits
- Big Tech Is Spending Billions on AI—These 5 Stocks Are Getting Paid
Receive News & Ratings for PS International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PS International Group and related companies with MarketBeat.com's FREE daily email newsletter.
