Wall Street Zen Upgrades Ostin Technology Group (NASDAQ:OST) to Hold

Ostin Technology Group (NASDAQ:OST) was upgraded by stock analysts at Wall Street Zen from a “strong sell” rating to a “hold” rating in a note issued to investors on Sunday.

Ostin Technology Group Stock Performance

OST opened at $1.70 on Friday. Ostin Technology Group has a 1 year low of $1.35 and a 1 year high of $235.00. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.52 and a quick ratio of 0.33. The stock has a fifty day moving average price of $2.10 and a 200 day moving average price of $53.56.

Institutional Trading of Ostin Technology Group

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

About Ostin Technology Group

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.