FST (NASDAQ:KBSX) Stock Price Down 2.6% – Here’s What Happened

FST Corp. (NASDAQ:KBSX)’s stock price traded down 2.6% on Friday . The stock traded as low as $1.14 and last traded at $1.14. 8,651 shares changed hands during trading, a decline of 5% from the average session volume of 9,093 shares. The stock had previously closed at $1.17.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of FST in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

FST Stock Performance

The company has a market capitalization of $43.04 million, a PE ratio of 38.00 and a beta of 0.43. The stock’s fifty day simple moving average is $1.37 and its 200-day simple moving average is $1.52. The company has a quick ratio of 0.50, a current ratio of 0.90 and a debt-to-equity ratio of 1.58.

FST (NASDAQ:KBSX) last posted its earnings results 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

A hedge fund recently bought a new stake in FST stock. Geode Capital Management LLC acquired a new stake in shares of FST Corp. (NASDAQ:KBSX) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 41,123 shares of the company’s stock, valued at approximately $73,000. Geode Capital Management LLC owned about 0.11% of FST as of its most recent SEC filing. 50.85% of the stock is owned by institutional investors and hedge funds.

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.