FBS Global (NASDAQ:FBGL) Stock Rating Upgraded by Wall Street Zen

FBS Global (NASDAQ:FBGL) was upgraded by equities researchers at Wall Street Zen to a “hold” rating in a report issued on Saturday.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FBS Global in a research note on Tuesday, November 25th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

FBS Global Stock Down 1.2%

Shares of NASDAQ FBGL opened at $0.66 on Friday. The firm’s 50 day simple moving average is $0.63 and its 200-day simple moving average is $0.62. FBS Global has a 12 month low of $0.41 and a 12 month high of $5.45.

FBS Global (NASDAQ:FBGL) last released its quarterly earnings results on Friday, October 17th. The company reported $0.01 EPS for the quarter. The firm had revenue of $3.09 million for the quarter.

Institutional Inflows and Outflows

An institutional investor recently raised its position in FBS Global stock. Citadel Advisors LLC grew its stake in FBS Global Limited (NASDAQ:FBGL) by 202.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 48,077 shares of the company’s stock after buying an additional 32,157 shares during the quarter. Citadel Advisors LLC owned 0.36% of FBS Global worth $37,000 as of its most recent filing with the SEC.

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.