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

Ostin Technology Group Co., Ltd. (NASDAQ:OST) shares were down 1.5% during trading on Monday . The stock traded as low as $1.67 and last traded at $1.6950. Approximately 57,000 shares changed hands during trading, The stock had previously closed at $1.72.

Analyst Ratings Changes

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

Ostin Technology Group Stock Performance

The firm has a 50 day simple moving average of $1.69 and a 200-day simple moving average of $1.70. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.46 and a quick ratio of 0.30.

Institutional Investors Weigh In On Ostin Technology Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in OST. Qube Research & Technologies Ltd bought a new position in Ostin Technology Group during the 2nd quarter worth $104,000. Quadrature Capital Ltd acquired a new stake in shares of Ostin Technology Group in the 2nd quarter valued at about $49,000. Marex Group plc bought a new stake in Ostin Technology Group in the 2nd quarter valued at about $45,000. Finally, Citadel Advisors LLC bought a new stake in Ostin Technology Group in the 3rd quarter valued at about $59,000. 21.92% of the stock is currently owned by institutional investors.

About Ostin Technology Group

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.