The stock of PSC Insurance Group Ltd (ASX:PSI) is a huge mover today! The stock decreased 8.04% or $0.18 on October 18, hitting $2.06. About 29,146 shares traded hands. PSC Insurance Group Ltd (ASX:PSI) has risen 32.90% since March 22, 2016 and is uptrending. It has outperformed by 27.42% the S&P500.
The move comes after 7 months negative chart setup for the $464.28 million company. It was reported on Oct, 18 by Barchart.com. We have $1.79 PT which if reached, will make ASX:PSI worth $60.36 million less.
More recent PSC Insurance Group Ltd (ASX:PSI) news were published by: Fool.com.Au which released: “The Top 10 best-performing IPOs in the past 12 months” on August 30, 2016. Also Moodys.com published the news titled: “Moody’s Upgrades Al Fujairah National Insurance Company to Baa1 IFS Rating …” on November 25, 2015. Smh.com.Au‘s news article titled: “Local developer pays $24m+ for West Melbourne site” with publication date: July 21, 2016 was also an interesting one.
PSC Insurance Group Limited operates a diversified insurance intermediary business with activities in Australia, New Zealand and the United Kingdom. The company has a market cap of $464.28 million. The Company’s principal businesses within the general insurance market comprise insurance broking; an authorized representative network ; reinsurance broking; underwriting agencies, and wholesale insurance broking in the United Kingdom. It has a 34.24 P/E ratio. The Company’s divisions include Australasia and UK.
PSI Company Profile
The PowerShares Dynamic Semiconductors (the Fund) seeks investment results that correspond generally to the price and yield (before the Fundâ€™s fees and expenses) of an equity index called the Dynamic Semiconductors Intellidex Index (the Semiconductors Intellidex). The Semiconductors Intellidex thoroughly evaluates companies based on a variety of investment merit criteria, including fundamental growth, stock valuation, investment timeliness and risk factors. PowerShares Capital Management LLC acts as the Fundsâ€™ investment adviser.
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