PS International Group (NASDAQ:PSIG) Cut to “Sell” at Wall Street Zen

Wall Street Zen downgraded shares of PS International Group (NASDAQ:PSIG) from a hold rating to a sell rating in a research note released on Sunday,Wall Street Zen reports.

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

PS International Group Price Performance

PSIG opened at $5.36 on Friday. The firm has a 50 day simple moving average of $4.15 and a 200 day simple moving average of $4.94. PS International Group has a fifty-two week low of $1.03 and a fifty-two week high of $12.00.

PS International Group (NASDAQ:PSIG) last announced its quarterly earnings data on Tuesday, November 3rd. The company reported ($0.36) earnings per share for the quarter. The company had revenue of $13.27 million for the quarter.

Hedge Funds Weigh In On PS International Group

An institutional investor recently raised its position in PS International Group stock. Renaissance Technologies LLC grew its stake in PS International Group Ltd. (NASDAQ:PSIG) by 140.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 26,401 shares of the company’s stock after acquiring an additional 15,424 shares during the quarter. Renaissance Technologies LLC owned 0.17% of PS International Group worth $162,000 at the end of the most recent quarter. 29.70% of the stock is owned by institutional investors and hedge funds.

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.