Wall Street Zen Downgrades Ostin Technology Group (NASDAQ:OST) to Strong Sell

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

Ostin Technology Group Price Performance

OST stock opened at $1.71 on Friday. The company has a quick ratio of 0.33, a current ratio of 0.52 and a debt-to-equity ratio of 0.28. The business has a 50-day moving average of $2.28 and a 200-day moving average of $55.72. Ostin Technology Group has a fifty-two week low of $1.35 and a fifty-two week high of $235.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Qube Research & Technologies Ltd acquired a new position in shares of Ostin Technology Group during the second quarter worth about $104,000. Quadrature Capital Ltd acquired a new position in Ostin Technology Group during the second quarter valued at approximately $49,000. Finally, Marex Group plc acquired a new position in Ostin Technology Group during the second quarter valued at approximately $45,000. 21.92% of the stock is owned by institutional investors and hedge funds.

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.