FBS Global (NASDAQ:FBGL) Upgraded to Hold at Wall Street Zen

FBS Global (NASDAQ:FBGL) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings restated a “sell (d-)” rating on shares of FBS Global in a report on Tuesday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

FBS Global Stock Down 1.2%

FBGL stock opened at $0.66 on Friday. FBS Global has a fifty-two week low of $0.41 and a fifty-two week high of $5.45. The business has a 50-day moving average of $0.63 and a 200-day moving average of $0.63.

FBS Global (NASDAQ:FBGL) last released its earnings results on Friday, October 17th. The company reported $0.01 EPS for the quarter. The firm had revenue of $3.09 million during the quarter.

Hedge Funds Weigh In On FBS Global

An institutional investor recently raised its position in FBS Global stock. Citadel Advisors LLC increased its position in shares of FBS Global Limited (NASDAQ:FBGL) by 202.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 48,077 shares of the company’s stock after buying an additional 32,157 shares during the period. Citadel Advisors LLC owned 0.36% of FBS Global worth $37,000 as of its most recent filing with the Securities and Exchange Commission.

About FBS Global

The predecessor of our principal operating company was incorporated on March 9, 1996 in Singapore under the name Finebuild Systems Pte Ltd. Pursuant to a restructuring that took effect on August 2, 2022, FBS Global Limited, an exempted company incorporated in the Cayman Islands, through its wholly owned subsidiary, Success Elite Developments Limited, a company incorporated in BVI, became the ultimate holding company of our current principal operating subsidiary referred to herein as FBS SG.