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

PS International Group (NASDAQ:PSIG) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors 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 report on Thursday, August 20th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the stock presently has an average rating of “Sell”.

PS International Group Stock Performance

PSIG stock opened at $4.91 on Friday. The business has a fifty day moving average of $3.71 and a 200-day moving average of $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

A hedge fund recently raised its position in PS International Group stock. Renaissance Technologies LLC boosted its stake in shares of PS International Group Ltd. (NASDAQ:PSIG) by 140.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm 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 hedge funds and other institutional investors.

PS International Group Company Profile

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.