FST (NASDAQ:KBSX) Trading Up 11.3% – Here’s Why

FST Corp. (NASDAQ:KBSX)’s share price was up 11.3% on Thursday . The stock traded as high as $1.58 and last traded at $1.57. Approximately 325,975 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 533,221 shares. The stock had previously closed at $1.41.

FST Stock Up 11.3%

The company has a debt-to-equity ratio of 1.57, a current ratio of 0.79 and a quick ratio of 0.45. The firm has a 50-day moving average of $1.29 and a two-hundred day moving average of $1.37.

FST (NASDAQ:KBSX) last issued its quarterly earnings data on Friday, February 13th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $13.22 million during the quarter. Equities research analysts predict that FST Corp. will post 0.05 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in FST stock. Geode Capital Management LLC purchased a new position in shares of FST Corp. (NASDAQ:KBSX) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 41,123 shares of the company’s stock, valued at approximately $73,000. Geode Capital Management LLC owned 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.

FST Company Profile

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.