PS International Group (NASDAQ:PSIG) Raised to "Hold" at Wall Street Zen

Key Points

• Wall Street Zen upgraded PS International Group from “Sell” to “Hold,” but Weiss Ratings subsequently downgraded it from “Sell (D-)” to “Sell (E+).” The stock’s overall analyst consensus remains “Sell.”
• PSIG opened at $4.91, with a 12-month trading range of $1.03 to $12.00. Its 50-day moving average was $3.71, while its 200-day moving average was $4.91.
• Renaissance Technologies increased its PSIG stake by 140.5% in the first quarter to 26,401 shares, while institutional investors collectively owned 29.7% of the company.

PS International Group (NASDAQ:PSIG - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Separately, Weiss Ratings lowered PS International Group from a "sell (d-)" rating to a "sell (e+)" rating in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Sell rating. According to MarketBeat.com, the stock has a consensus rating of "Sell".

PS International Group Stock Performance

NASDAQ:PSIG opened at $4.91 on Friday. PS International Group has a twelve month low of $1.03 and a twelve month high of $12.00. The firm's fifty day simple moving average is $3.71 and its 200 day simple moving average is $4.91.

Institutional Inflows and Outflows

An institutional investor recently raised its position in PS International Group stock. Renaissance Technologies LLC grew its stake in shares of PS International Group Ltd. (NASDAQ:PSIG - Free Report) by 140.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,401 shares of the company's stock after buying an additional 15,424 shares during the quarter. Renaissance Technologies LLC owned about 0.17% of PS International Group worth $162,000 as of its most recent filing with the Securities and Exchange Commission. 29.70% of the stock is owned by 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.

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