PS International Group (NASDAQ:PSIG) Upgraded to “Hold” at Wall Street Zen

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 cut PS International Group from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Sell rating. According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Read Our Latest Stock Report on PSIG

PS International Group Price Performance

PSIG opened at $4.91 on Friday. The business’s 50 day moving average is $3.71 and its 200-day moving average is $4.91. PS International Group has a twelve month low of $1.03 and a twelve month high of $12.00.

Institutional Inflows and Outflows

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 – Free Report) by 140.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period. 29.70% of the stock is owned by institutional investors and hedge funds.

PS International Group Company Profile

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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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