FST (NASDAQ:KBSX) Shares Down 1.5% – What’s Next?

FST Corp. (NASDAQ:KBSX) shares dropped 1.5% during trading on Thursday . The company traded as low as $1.33 and last traded at $1.33. Approximately 3,048 shares changed hands during trading, a decline of 24% from the average daily volume of 4,004 shares. The stock had previously closed at $1.35.

Wall Street Analyst Weigh In

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

FST Trading Down 1.5%

The company has a current ratio of 0.90, a quick ratio of 0.50 and a debt-to-equity ratio of 1.58. The stock has a 50-day simple moving average of $1.43 and a two-hundred day simple moving average of $1.57. The firm has a market capitalization of $50.21 million, a P/E ratio of 44.33 and a beta of 0.43.

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in FST stock. Geode Capital Management LLC purchased a new stake in FST Corp. (NASDAQ:KBSX) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 41,123 shares of the company’s stock, valued at approximately $73,000. Geode Capital Management LLC owned approximately 0.11% of FST as of its most recent filing with the SEC. 50.85% of the stock is owned by hedge funds and other 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.