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Actionable news in PSG: Performance Sports Group Ltd,

Performance Sports (PSG) Stock Tanks on Annual Report Filing Delay

NEW YORK (TheStreet) -- Shares of Performance Sports Group (PSG) were down 43.33% to $2.55 on heavy trading volume early Monday morning after warning that it won't file its annual report by the August 15 deadline.

The delay is expected to lead to a default under the company's current credit facilities' agreements, MarketWatch reports.

Performance Sports said it is unable to file its annual report on time because it is conducting an internal review of the finalization of its financial statements and the certification...