FBS Global Limited (NASDAQ:FBGL – Get Free Report)’s share price traded down 13.2% during trading on Wednesday . The stock traded as low as $0.4950 and last traded at $0.5379. Approximately 78,857 shares traded hands during trading, a decline of 92% from the average daily volume of 933,009 shares. The stock had previously closed at $0.6199.
Analyst Ratings Changes
Separately, Weiss Ratings downgraded shares of FBS Global from a “sell (d)” rating to a “sell (d-)” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company has a consensus rating of “Sell”.
Check Out Our Latest Report on FBS Global
FBS Global Stock Performance
Institutional Trading of FBS Global
Several institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC bought a new position in FBS Global during the fourth quarter valued at about $121,000. Jane Street Group LLC acquired a new position in FBS Global during the fourth quarter worth about $54,000. Finally, Citadel Advisors LLC raised its position in FBS Global by 202.0% in the third quarter. Citadel Advisors LLC now owns 48,077 shares of the company’s stock worth $37,000 after acquiring an additional 32,157 shares in the last quarter.
About FBS Global
The predecessor of our principal operating company was incorporated on March 9, 1996 in Singapore under the name Finebuild Systems Pte Ltd. Pursuant to a restructuring that took effect on August 2, 2022, FBS Global Limited, an exempted company incorporated in the Cayman Islands, through its wholly owned subsidiary, Success Elite Developments Limited, a company incorporated in BVI, became the ultimate holding company of our current principal operating subsidiary referred to herein as FBS SG. From its beginning as a construction company since 1996, FBS SG has developed into a premier integrated engineering company that provides a full suite of construction and engineering services.
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