FST (NASDAQ:KBSX) Stock Price Down 2.6% – Should You Sell?

Shares of FST Corp. (NASDAQ:KBSX) traded down 2.6% on Friday . The company traded as low as $1.14 and last traded at $1.14. 8,651 shares were traded during trading, a decline of 5% from the average session volume of 9,093 shares. The stock had previously closed at $1.17.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of FST in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, FST has an average rating of “Sell”.

FST Stock Performance

The stock has a fifty day simple moving average of $1.37 and a two-hundred day simple moving average of $1.52. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.50 and a current ratio of 0.90. The stock has a market capitalization of $43.04 million, a price-to-earnings ratio of 38.00 and a beta of 0.43.

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

Institutional Trading of FST

A hedge fund recently bought a new stake in FST stock. Geode Capital Management LLC purchased a new position in shares of FST Corp. (NASDAQ:KBSX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent quarter. Institutional investors own 50.85% of the company’s stock.

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.