Ostin Technology Group (NASDAQ:OST) Stock Price Down 1.5% – Time to Sell?

Ostin Technology Group Co., Ltd. (NASDAQ:OST) fell 1.5% during mid-day trading on Wednesday . The company traded as low as $1.67 and last traded at $1.6950. 57,000 shares changed hands during trading, The stock had previously closed at $1.72.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Ostin Technology Group in a research note on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Ostin Technology Group Trading Down 1.5%

The company’s fifty day moving average is $1.69 and its 200 day moving average is $1.90.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Quadrature Capital Ltd purchased a new stake in Ostin Technology Group during the 2nd quarter valued at about $49,000. Qube Research & Technologies Ltd bought a new stake in Ostin Technology Group in the second quarter valued at approximately $104,000. Citadel Advisors LLC purchased a new stake in shares of Ostin Technology Group during the third quarter valued at approximately $59,000. Finally, Marex Group plc purchased a new stake in shares of Ostin Technology Group during the second quarter valued at approximately $45,000. Hedge funds and other institutional investors 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.