PS International Group (NASDAQ:PSIG – Get Free Report) released its quarterly earnings results on Tuesday. The company reported ($0.36) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $13.27 million for the quarter.
PS International Group Stock Performance
Shares of NASDAQ:PSIG opened at $5.14 on Wednesday. PS International Group has a 1 year low of $1.03 and a 1 year high of $12.00. The stock’s 50-day moving average is $3.81 and its 200 day moving average is $4.92.
Wall Street Analyst Weigh In
A number of research firms have recently commented on PSIG. Weiss Ratings raised PS International Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Monday. Wall Street Zen raised shares of PS International Group from a “sell” rating to a “hold” rating in a report on Saturday. One analyst has rated the stock with a Sell rating. According to data from MarketBeat.com, the company has a consensus rating of “Sell”.
Get Our Latest Stock Analysis on PS International Group
Hedge Funds Weigh In On PS International Group
A hedge fund recently raised its position in PS International Group stock. Renaissance Technologies LLC raised its stake in PS International Group Ltd. (NASDAQ:PSIG – Free Report) by 140.5% during the first quarter, according to the company in its most recent 13F filing with the SEC. 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 approximately 0.17% of PS International Group worth $162,000 as of its most recent SEC filing. 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.
See Also
- Five stocks we like better than PS International Group
- Meta’s $100 Billion AI Financing Plan Has a Catch for Existing Shareholders
- Tower Semiconductor’s Earnings Are Soaring—So Why Is Its Stock Down More Than 50%?
- Shopify’s Small Q3 Miss Triggered a Big Sell-Off: What’s Next?
- Can Oil’s Big Rally Deliver Reliable Income? 3 Energy Plays to Watch
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.
