FST (NASDAQ:KBSX) Stock Price Up 2.7% – What’s Next?

FST Corp. (NASDAQ:KBSX) traded up 2.7% during trading on Thursday . The stock traded as high as $1.53 and last traded at $1.51. 11,980 shares traded hands during mid-day trading, a decline of 39% from the average session volume of 19,584 shares. The stock had previously closed at $1.47.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated 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 MarketBeat, the company has a consensus rating of “Sell”.

FST Stock Down 0.7%

The firm’s fifty day simple moving average is $1.56 and its 200 day simple moving average is $1.69. The company has a current ratio of 0.86, a quick ratio of 0.46 and a debt-to-equity ratio of 1.18. The company has a market cap of $56.63 million, a price-to-earnings ratio of -4.29 and a beta of 0.43.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake 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 Form 13F filing with the SEC. The institutional investor bought 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 SEC filing. Institutional investors and hedge funds 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.