FST (NASDAQ:KBSX) Stock Price Down 1.3% – Here’s Why

FST Corp. (NASDAQ:KBSX)’s stock price was down 1.3% on Wednesday . The company traded as low as $1.50 and last traded at $1.50. Approximately 1,444 shares were traded during trading, a decline of 80% from the average daily volume of 7,331 shares. The stock had previously closed at $1.52.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of FST in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company presently has an average rating of “Sell”.

FST Price Performance

The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.50 and a current ratio of 0.90. The firm has a fifty day simple moving average of $1.50 and a two-hundred day simple moving average of $1.61. The firm has a market cap of $56.63 million, a PE ratio of 50.00 and a beta of 0.43.

FST (NASDAQ:KBSX) last issued its quarterly earnings data on Tuesday, November 18th. The company reported ($0.02) earnings per share (EPS) for the quarter. The firm had revenue of $12.56 million during the quarter.

Hedge Funds Weigh In On FST

An institutional investor recently bought a new position in FST stock. Geode Capital Management LLC acquired a new position in FST Corp. (NASDAQ:KBSX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 41,123 shares of the company’s stock, valued at approximately $73,000. Geode Capital Management LLC owned approximately 0.11% of FST as of its most recent SEC filing. Hedge funds and other institutional investors own 50.85% of the company’s stock.

About FST

FST Corp. designs, manufactures, markets, and distributes steel golf shafts to golf club original equipment manufacturers and distributors worldwide. The company offers steel shafts under the KBS brand name. FST Corp.is based in Chiayi, Taiwan.