PS International Group (NASDAQ:PSIG) Stock Rating Cut to Sell at Wall Street Zen

Wall Street Zen cut shares of PS International Group (NASDAQ:PSIG – Free Report) from a hold rating to a sell rating in a report released on Sunday morning,Wall Street Zen reports.

Separately, Weiss Ratings raised shares of PS International Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Monday, November 2nd. One investment analyst has rated the stock with a Sell rating. According to MarketBeat, the stock presently has a consensus rating of “Sell”.

View Our Latest Stock Report on PS International Group

PS International Group Stock Performance

Shares of PSIG stock opened at $5.08 on Friday. PS International Group has a 1-year low of $1.03 and a 1-year high of $12.00. The firm’s 50-day simple moving average is $4.00 and its 200-day simple moving average is $4.93.

PS International Group (NASDAQ:PSIG – Get Free Report) last released its earnings results on Tuesday, November 3rd. The company reported ($0.36) earnings per share (EPS) for the quarter. The company had revenue of $13.27 million for the quarter.

Hedge Funds Weigh In On PS International Group

A hedge fund recently raised its position in PS International Group stock. Renaissance Technologies LLC grew its position in PS International Group Ltd. (NASDAQ:PSIG – Free Report) by 140.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 approximately 0.17% of PS International Group worth $162,000 as of its most recent SEC filing. 29.70% of the stock is currently owned by institutional investors and hedge funds.

About PS International Group

(Get Free Report)

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

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