FST (NASDAQ:KBSX) Upgraded by Litchfield Hills Research to Strong-Buy Rating

FST (NASDAQ:KBSX) was upgraded by investment analysts at Litchfield Hills Research to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

FST Stock Performance

KBSX stock opened at $1.43 on Monday. The stock has a 50-day moving average price of $1.33 and a 200-day moving average price of $1.34. FST has a 1-year low of $1.04 and a 1-year high of $2.52. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of 0.59. The firm has a market cap of $53.98 million, a PE ratio of 143.00 and a beta of 0.28.

FST (NASDAQ:KBSX) last posted its quarterly earnings data on Wednesday, April 1st. The company reported $0.04 earnings per share for the quarter. The business had revenue of $14.65 million during the quarter. As a group, equities research analysts expect that FST will post 0.05 earnings per share for the current year.

Institutional Inflows and Outflows

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 its most recent disclosure with the Securities and Exchange Commission. The fund 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 reporting period. Hedge funds and other 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.