FST (NASDAQ:KBSX) Stock Price Down 1.5% – Here’s Why

FST Corp. (NASDAQ:KBSX)’s share price dropped 1.5% during mid-day trading on Thursday . The stock traded as low as $1.33 and last traded at $1.33. Approximately 3,048 shares traded 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 reaffirmed a “sell (d)” rating on shares of FST in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

FST Price Performance

The stock has a fifty day moving average of $1.43 and a two-hundred day moving average of $1.57. 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 market capitalization of $50.96 million, a price-to-earnings ratio of 45.00 and a beta of 0.43.

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

Institutional Investors Weigh In On FST

An institutional investor recently bought a new position in FST stock. Geode Capital Management LLC bought a new position in shares of FST Corp. (NASDAQ:KBSX) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 41,123 shares of the company’s stock, valued at approximately $73,000. Geode Capital Management LLC owned approximately 0.11% of FST at the end of the most recent quarter. Hedge funds and other 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.