FST (NASDAQ:KBSX) Shares Down 0.4% – Here’s What Happened

FST Corp. (NASDAQ:KBSX)’s share price fell 0.4% during trading on Friday . The company traded as low as $1.30 and last traded at $1.3050. 3,063 shares traded hands during trading, a decline of 62% from the average session volume of 7,956 shares. The stock had previously closed at $1.31.

FST Stock Performance

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 simple moving average of $1.25 and a 200-day simple moving average of $1.42.

FST (NASDAQ:KBSX) last issued its earnings results on Friday, February 13th. The company reported ($0.01) EPS for the quarter. The firm had revenue of $13.22 million during the quarter.

Hedge Funds Weigh In On FST

An institutional investor recently bought a new position in FST stock. Geode Capital Management LLC acquired a new stake in FST Corp. (NASDAQ:KBSX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 reporting period. Institutional investors and hedge funds 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.