Craig-Hallum Initiates Coverage on Performance Sports Group Ltd to Hold

Craig-Hallum Initiates Coverage on Performance Sports Group Ltd(NYSE:PSG). The shares have been rated Hold. The rating by Craig-Hallum was issued on Sep 19, 2016.

In a different note, On Aug 22, 2016, RBC Capital said it Downgrades its rating on Performance Sports Group Ltd. The shares have been rated ‘Underperform’ by the firm. On Aug 17, 2016, DA Davidson said it Downgrades its rating on Performance Sports Group Ltd. In the research note, the firm Lowers the price-target to $4.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 16, 2016, Wedbush said it Downgrades its rating on Performance Sports Group Ltd. The shares have been rated ‘Neutral’ by the firm.

Performance Sports Group Ltd (PSG) made into the market gainers list on Thursdays trading session with the shares advancing 4.00% or 0.15 points. Due to strong positive momentum, the stock ended at $3.9, which is also near the day’s high of $3.94. The stock began the session at $3.82 and the volume stood at 5,50,287 shares. The 52-week high of the shares is $14.43 and the 52 week low is $1.18. The company has a current market capitalization of $178 M and it has 4,55,66,680 shares in outstanding.

Performance Sports Group Ltd(PSG) last announced its earnings results on Jan 13, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $153.03M. Analysts had an estimated revenue of $167.48M. Earnings per share were $0.13. Analysts had estimated an EPS of $0.14.

Several Insider Transactions has been reported to the SEC. On May 13, 2016, Daniel M. Friedberg (director) purchased 80,000 shares at $3.52 per share price.Also, On May 11, 2016, Angela Bass (EVP, Global Human Resources) purchased 1,000 shares at $3.58 per share price.On Apr 26, 2016, Mark J Vendetti (CFO) purchased 20,000 shares at $3.60 per share price, according to the Form-4 filing with the securities and exchange commission.

Performance Sports Group Ltd. is engaged in the design manufacture and distribution of performance sports equipment for ice hockey roller hockey baseball and softball lacrosse as well as related apparel and accessories including soccer apparel. The Company’s segments include Hockey Baseball/Softball and Other Sports. The Hockey segment includes the Bauer and Mission brands. The Baseball/Softball segment includes the Easton and Combat brands. Its Other Sports includes the Lacrosse and Soccer operating segments which includes the Maverik and Cascade brands for Lacrosse and the Inaria brand for Soccer. The ice hockey products include skates helmets protective gear sticks team apparel and accessories. The roller hockey products include skates helmets protective gear sticks and accessories. The baseball and softball products include bats gloves helmets protective gear apparel and accessories. The lacrosse products include sticks helmets protective gear and apparel.

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