Ostin Technology Group (NASDAQ:OST) Trading Down 1.5% – Time to Sell?

Shares of Ostin Technology Group Co., Ltd. (NASDAQ:OST) fell 1.5% during trading on Monday . The company traded as low as $1.67 and last traded at $1.6950. 57,000 shares were traded during mid-day trading, The stock had previously closed at $1.72.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wall Street Zen raised shares of Ostin Technology Group from a “strong sell” rating to a “hold” rating in a research note on Sunday, September 21st. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ostin Technology Group in a report on Wednesday, October 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Sell”.

Ostin Technology Group Trading Down 1.5%

The company has a current ratio of 0.52, a quick ratio of 0.33 and a debt-to-equity ratio of 0.28. The company has a fifty day moving average price of $1.69 and a two-hundred day moving average price of $14.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC acquired a new stake in shares of Ostin Technology Group during the third quarter worth $59,000. Marex Group plc acquired a new position in Ostin Technology Group in the 2nd quarter worth $45,000. Quadrature Capital Ltd acquired a new position in Ostin Technology Group in the 2nd quarter worth $49,000. Finally, Qube Research & Technologies Ltd bought a new position in Ostin Technology Group during the 2nd quarter worth about $104,000. Institutional investors and hedge funds own 21.92% of the company’s stock.

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.