Platinum Group Metals (NYSE:PLG) Stock Price Down 1.6% - Should You Sell?

Platinum Group Metals Ltd. (NYSE:PLG - Get Free Report)'s share price traded down 1.6% during trading on Monday . The stock traded as low as $1.26 and last traded at $1.26. 438,623 shares traded hands during trading, a decline of 11% from the average session volume of 490,587 shares. The stock had previously closed at $1.28.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Platinum Group Metals to a "sell" rating in a research note on Tuesday, February 11th.

Platinum Group Metals Stock Down 3.1 %

The firm has a market cap of $130.73 million, a PE ratio of -21.17 and a beta of 1.80. The company has a 50-day simple moving average of $1.28 and a two-hundred day simple moving average of $1.44.

Hedge Funds Weigh In On Platinum Group Metals

Several institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company purchased a new position in Platinum Group Metals in the third quarter valued at about $1,263,000. XTX Topco Ltd purchased a new position in Platinum Group Metals in the third quarter valued at approximately $30,000. MCIA Inc bought a new position in Platinum Group Metals during the third quarter valued at $41,000. Sanctuary Advisors LLC purchased a new stake in Platinum Group Metals in the third quarter worth $36,000. Finally, J.W. Cole Advisors Inc. bought a new stake in shares of Platinum Group Metals in the fourth quarter valued at $30,000. Institutional investors own 16.33% of the company's stock.

About Platinum Group Metals

Platinum Group Metals Ltd. engages in the exploration and development of platinum and palladium properties. It explores for palladium, platinum, gold, copper, nickel, and rhodium deposits. The company holds 50.02% interest in the Waterberg project located on the Northern Limb of the Bushveld Igneous Complex, South Africa.