FST (NASDAQ:KBSX) Shares Down 1.3% – Should You Sell?

FST Corp. (NASDAQ:KBSX) was down 1.3% on Wednesday . The stock traded as low as $1.50 and last traded at $1.50. Approximately 1,444 shares traded hands during trading, a decline of 80% from the average daily volume of 7,331 shares. The stock had previously closed at $1.52.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “sell (d)” rating on shares of FST in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

FST Trading Down 1.3%

The company’s 50 day moving average price is $1.50 and its two-hundred day moving average price is $1.61. The firm has a market cap of $56.63 million, a PE ratio of 50.00 and a beta of 0.43. The company has a quick ratio of 0.50, a current ratio of 0.90 and a debt-to-equity ratio of 1.58.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in FST stock. Geode Capital Management LLC purchased a new position in FST Corp. (NASDAQ:KBSX) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 filing with the Securities and Exchange Commission (SEC). 50.85% of the stock is currently owned by institutional investors.

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.