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

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Ostin Technology Group in a research note on Tuesday, January 27th. One analyst has rated the stock with a Sell rating, According to MarketBeat, the company has an average rating of “Sell”.

Ostin Technology Group Stock Down 1.5%

The stock has a fifty day simple moving average of $1.69 and a two-hundred day simple moving average of $1.70. The company has a current ratio of 0.46, a quick ratio of 0.30 and a debt-to-equity ratio of 0.22.

Institutional Trading of Ostin Technology Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new position in shares of Ostin Technology Group during the 3rd quarter valued at $59,000. Marex Group plc purchased a new position in Ostin Technology Group during the second quarter worth about $45,000. Quadrature Capital Ltd bought a new position in Ostin Technology Group in the 2nd quarter worth about $49,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Ostin Technology Group in the 2nd quarter valued at about $104,000. 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.