Ostin Technology Group (NASDAQ:OST) Stock Price Down 1.5% – What’s Next?

Ostin Technology Group Co., Ltd. (NASDAQ:OST) shares fell 1.5% during trading on Monday . The stock traded as low as $1.67 and last traded at $1.6950. 57,000 shares changed hands during mid-day trading, The stock had previously closed at $1.72.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on OST. Weiss Ratings reiterated a “sell (e+)” rating on shares of Ostin Technology Group in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Ostin Technology Group from a “strong sell” rating to a “hold” rating in a research report on Sunday, September 21st. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Ostin Technology Group currently has a consensus rating of “Sell”.

Ostin Technology Group Trading Down 1.5%

The company has a debt-to-equity ratio of 0.28, a current ratio of 0.52 and a quick ratio of 0.33. The firm has a 50-day moving average price of $1.69 and a two-hundred day moving average price of $12.91.

Institutional Investors Weigh In On Ostin Technology Group

A number of large investors have recently modified their holdings of OST. Marex Group plc acquired a new stake in shares of Ostin Technology Group in the second quarter valued at about $45,000. Quadrature Capital Ltd purchased a new stake in Ostin Technology Group during the 2nd quarter valued at about $49,000. Citadel Advisors LLC acquired a new stake in Ostin Technology Group in the 3rd quarter valued at about $59,000. Finally, Qube Research & Technologies Ltd purchased a new position in Ostin Technology Group in the 2nd quarter worth approximately $104,000. Hedge funds and other institutional investors own 21.92% of the company’s stock.

Ostin Technology Group Company Profile

Ostin Technology Group Co, Ltd. designs, develops, and manufactures thin-film transistor liquid crystal display (TFT-LCD) modules and polarizers in China. It offers display modules to markets, such as consumer electronics, including AIOs, monitors, laptop computers, and tablets; automotive displays, including dashboard, and navigation and multimedia systems; and commercial LCD displays, which are used to display multimedia graphics, such as company advertisements, promotions, scoreboards, and traffic signs in education, medical treatment, business, outdoor, and cultural construction industries.