FST (NASDAQ:KBSX) Shares Up 9.2% – What’s Next?

FST Corp. (NASDAQ:KBSX – Get Free Report)’s stock price shot up 9.2% during mid-day trading on Friday . The stock traded as high as $1.49 and last traded at $1.42. 224,903 shares were traded during trading, a decline of 60% from the average session volume of 556,923 shares. The stock had previously closed at $1.30.

FST Price Performance

The company has a market cap of $53.60 million, a PE ratio of 142.00 and a beta of 0.28. The stock has a fifty day moving average price of $1.33 and a 200-day moving average price of $1.34. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.56.

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FST (NASDAQ:KBSX – Get Free Report) last issued its quarterly earnings results on Wednesday, April 1st. The company reported $0.04 earnings per share for the quarter. The business had revenue of $14.65 million for the quarter. On average, equities analysts expect that FST Corp. will post 0.05 earnings per share for the current year.

Hedge Funds Weigh In On FST

An institutional investor recently bought a new position in FST stock. Geode Capital Management LLC purchased a new position in shares of FST Corp. (NASDAQ:KBSX – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 41,123 shares of the company’s stock, valued at approximately $73,000. Geode Capital Management LLC owned 0.11% of FST as of its most recent filing with the Securities and Exchange Commission (SEC). 50.85% of the stock is currently owned by institutional investors and hedge funds.

FST Company Profile

(Get Free Report)

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.

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