FST (NASDAQ:KBSX) Stock Price Down 2.3% – Should You Sell?

FST Corp. (NASDAQ:KBSX)’s stock price dropped 2.3% during trading on Friday . The company traded as low as $0.83 and last traded at $0.86. 9,356 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 21,056 shares. The stock had previously closed at $0.88.

Analyst Upgrades and Downgrades

Separately, Litchfield Hills Research began coverage on FST in a research note on Monday, May 18th. They issued a “buy” rating and a $4.00 price target on the stock. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, FST presently has an average rating of “Hold” and an average target price of $4.00.

FST Trading Down 2.3%

The company has a 50 day moving average of $1.17 and a 200-day moving average of $1.25. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.56 and a current ratio of 0.96. The stock has a market cap of $32.47 million, a price-to-earnings ratio of 86.00 and a beta of 0.36.

FST (NASDAQ:KBSX) last announced its earnings results on Wednesday, April 1st. The company reported $0.04 EPS for the quarter. The firm had revenue of $14.65 million for the quarter. On average, research analysts anticipate that FST Corp. will post 0.07 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in FST stock. Geode Capital Management LLC acquired a new stake in FST Corp. (NASDAQ:KBSX) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 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 Securities & Exchange Commission. Institutional investors own 50.85% of the company’s stock.

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.