Exclusive: Today Performance Sports Group Ltd Stock Crashes

Exclusive: Today Performance Sports Group Ltd Stock Crashes

The stock of Performance Sports Group Ltd (NYSE:PSG) is a huge mover today! The stock decreased 3.69% or $0.15 during the last trading session, hitting $3.92. About 325,223 shares traded hands. Performance Sports Group Ltd (NYSE:PSG) has declined 51.78% since March 1, 2016 and is downtrending. It has underperformed by 64.00% the S&P500.
The move comes after 9 months negative chart setup for the $185.00 million company. It was reported on Oct, 4 by Barchart.com. We have $3.41 PT which if reached, will make NYSE:PSG worth $24.05 million less.

Performance Sports Group Ltd (NYSE:PSG) Ratings Coverage

Out of 10 analysts covering Performance Sports Group (NYSE:PSG), 2 rate it a “Buy”, 2 “Sell”, while 6 “Hold”. This means 20% are positive. Performance Sports Group has been the topic of 21 analyst reports since August 25, 2015 according to StockzIntelligence Inc. On Monday, August 22 the stock rating was downgraded by RBC Capital Markets to “Underperform”. As per Friday, January 15, the company rating was maintained by Wedbush. The firm earned “Underperform” rating on Monday, March 28 by Bank of America. The stock has “Outperform” rating given by Wedbush on Wednesday, February 3. Wunderlich maintained Performance Sports Group Ltd (NYSE:PSG) rating on Thursday, June 9. Wunderlich has “Hold” rating and $4 price target. The stock of Performance Sports Group Ltd (NYSE:PSG) has “Outperform” rating given on Wednesday, March 9 by Wedbush. The rating was downgraded by DA Davidson on Wednesday, August 17 to “Neutral”. On Tuesday, March 8 the stock rating was downgraded by Wunderlich to “Hold”. The firm earned “Equal-Weight” rating on Monday, March 14 by Morgan Stanley. The firm has “Neutral” rating by Macquarie Research given on Wednesday, March 9.

According to Zacks Investment Research, “Performance Sports Group Ltd. designs, manufactures and markets ice hockey, roller hockey, lacrosse, baseball and softball sports equipment, as well as related apparel. Its products are marketed under the BAUER, MISSION, MAVERIK, CASCADE, INARIA, COMBAT and EASTON brand names. The ice hockey products include skates, skate blades, protective gear, sticks, team apparel and accessories. The roller hockey products include skates, protective gear and accessories. The company distributes its products primarily to specialty retail stores, and sporting goods and national retail chains in the United States, Canada, and Europe, as well as directly to sports teams. Performance Sports Group Ltd. is headquartered in Exeter, New Hampshire.”

Another recent and important Performance Sports Group Ltd (NYSE:PSG) news was published by Wsj.com which published an article titled: “Performance Sports Group Cuts Guidance, Names CEO” on June 08, 2016.

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