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

Ostin Technology Group Co., Ltd. (NASDAQ:OST)’s share price fell 1.5% during mid-day trading on Thursday . 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.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Ostin Technology Group in a research report on Tuesday, January 27th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, Ostin Technology Group has an average rating of “Sell”.

Ostin Technology Group Stock Down 1.5%

The firm’s fifty day simple moving average is $1.69 and its 200 day simple moving average is $1.74. The company has a quick ratio of 0.30, a current ratio of 0.46 and a debt-to-equity ratio of 0.22.

Institutional Trading of Ostin Technology Group

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

About Ostin Technology Group

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.