FST (NASDAQ:KBSX) Shares Down 1.5% – What’s Next?

Shares of FST Corp. (NASDAQ:KBSX) were down 1.5% during trading on Thursday . The stock traded as low as $1.33 and last traded at $1.33. Approximately 3,048 shares changed hands during trading, a decline of 24% from the average daily volume of 4,004 shares. The stock had previously closed at $1.35.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of FST in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

FST Stock Performance

The company has a market capitalization of $50.21 million, a P/E ratio of 44.33 and a beta of 0.43. The business has a 50-day moving average of $1.43 and a 200-day moving average of $1.57. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.90 and a quick ratio of 0.50.

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

Institutional Trading of 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 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 41,123 shares of the company’s stock, valued at approximately $73,000. Geode Capital Management LLC owned about 0.11% of FST at the end of the most recent reporting period. 50.85% of the stock is owned by hedge funds and other institutional investors.

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.