Ostin Technology Group (NASDAQ:OST) Downgraded to Strong Sell Rating by Wall Street Zen

Ostin Technology Group (NASDAQ:OST) was downgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “strong sell” rating in a report issued on Friday.

Ostin Technology Group Stock Performance

Shares of OST opened at $1.66 on Friday. Ostin Technology Group has a 12-month low of $1.35 and a 12-month high of $235.00. The business has a 50-day simple moving average of $2.48 and a two-hundred day simple moving average of $57.90. The company has a quick ratio of 0.33, a current ratio of 0.52 and a debt-to-equity ratio of 0.28.

Hedge Funds Weigh In On Ostin Technology Group

A number of institutional investors and hedge funds have recently bought and sold shares of OST. Quadrature Capital Ltd acquired a new position in Ostin Technology Group in the 2nd quarter worth about $49,000. Qube Research & Technologies Ltd acquired a new position in Ostin Technology Group in the 2nd quarter worth about $104,000. Finally, Marex Group plc acquired a new stake in shares of Ostin Technology Group in the second quarter valued at about $45,000. Institutional investors and hedge funds own 21.92% of the company’s stock.

Ostin Technology Group Company Profile

Ostin Technology Group Co, Ltd. designs, develops, and manufactures thin-film transistor liquid crystal display (TFT-LCD) modules and polarizers in China. It offers display modules to markets, such as consumer electronics, including AIOs, monitors, laptop computers, and tablets; automotive displays, including dashboard, and navigation and multimedia systems; and commercial LCD displays, which are used to display multimedia graphics, such as company advertisements, promotions, scoreboards, and traffic signs in education, medical treatment, business, outdoor, and cultural construction industries.