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

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Ostin Technology Group in a research report on Tuesday, January 27th. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Ostin Technology Group has a consensus rating of “Sell”.

Ostin Technology Group Stock Down 1.5%

The company’s 50-day moving average price is $1.69 and its 200-day moving average price is $1.69. 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 Investors Weigh In On Ostin Technology Group

Large investors have recently made changes to their positions in the stock. Citadel Advisors LLC bought a new stake in shares of Ostin Technology Group during the third quarter worth $59,000. Marex Group plc bought a new stake in shares of Ostin Technology Group during the second quarter worth $45,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Ostin Technology Group during the second quarter worth $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.