PSC Insurance Group Ltd Can’t Burn Your Short Portfolio. Has Another Weak Session

 PSC Insurance Group Ltd Can't Burn Your Short Portfolio. Has Another Weak Session

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 Fund’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 Funds’ investment adviser.

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