FST (NASDAQ:KBSX) Trading Down 2.6% – Time to Sell?

FST Corp. (NASDAQ:KBSX)’s share price dropped 2.6% during mid-day trading on Friday . The stock traded as low as $1.14 and last traded at $1.14. Approximately 8,651 shares were traded during trading, a decline of 5% from the average daily volume of 9,093 shares. The stock had previously closed at $1.17.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed 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, the company has an average rating of “Sell”.

FST Price Performance

The business’s 50-day moving average price is $1.37 and its 200 day moving average price is $1.52. The company has a market capitalization of $43.04 million, a P/E ratio of 38.00 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 firm had revenue of $12.56 million for the quarter.

Institutional Trading of FST

An institutional investor recently bought a new position in FST stock. Geode Capital Management LLC bought a new stake in FST Corp. (NASDAQ:KBSX) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 41,123 shares of the company’s stock, valued at approximately $73,000. Geode Capital Management LLC owned about 0.11% of FST at the end of the most recent quarter. Institutional investors own 50.85% of the company’s stock.

FST Company Profile

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.