PS International Group (NASDAQ:PSIG) Trading Down 1.7% – Should You Sell?

PS International Group Ltd. (NASDAQ:PSIGGet Free Report) shares dropped 1.7% on Monday . The company traded as low as $1.14 and last traded at $1.16. 117,244 shares changed hands during trading, an increase of 13% from the average daily volume of 104,055 shares. The stock had previously closed at $1.18.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Weiss Ratings raised shares of PS International Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 5th. Wall Street Zen downgraded PS International Group from a “hold” rating to a “sell” rating in a research report on Saturday, June 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, PS International Group currently has an average rating of “Sell”.

Check Out Our Latest Stock Report on PS International Group

PS International Group Stock Performance

The company’s 50 day moving average is $4.57 and its two-hundred day moving average is $5.60.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in PS International Group stock. Renaissance Technologies LLC bought a new position in PS International Group Ltd. (NASDAQ:PSIGFree Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 10,977 shares of the company’s stock, valued at approximately $54,000. Renaissance Technologies LLC owned approximately 0.13% of PS International Group at the end of the most recent quarter. 29.70% of the stock is currently owned by hedge funds and other institutional investors.

PS International Group Company Profile

(Get Free Report)

PS International Group, Inc (NASDAQ:PSIG) is a specialized provider of engineered pipe supports, hangers and accessories for industrial applications. The company’s product suite encompasses custom‐designed brackets, snubbers, spring supports, insulation components and vibration‐control solutions that help maintain the integrity of pressure piping systems under a wide range of operating conditions.

Serving diverse end markets—including oil and gas production, petrochemical processing, power generation, refining and industrial construction—PS International Group integrates in-house design, manufacturing and distribution capabilities to meet project-specific requirements.

Further Reading

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