FST (NASDAQ:KBSX) Stock Price Up 2.7% – Still a Buy?

FST Corp. (NASDAQ:KBSX) shares shot up 2.7% on Thursday . The company traded as high as $1.53 and last traded at $1.51. 11,980 shares changed hands during 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 reiterated a “sell (d)” rating on shares of FST in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, FST has a consensus rating of “Sell”.

FST Price Performance

The business has a fifty day moving average of $1.56 and a two-hundred day moving average of $1.69. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.46 and a current ratio of 0.86. The firm has a market capitalization of $57.00 million, a price-to-earnings ratio of -4.31 and a beta of 0.43.

Institutional Trading of FST

An institutional investor recently bought a new position in FST stock. Geode Capital Management LLC bought a new position in shares of FST Corp. (NASDAQ:KBSX) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund 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 filing with the SEC. 50.85% of the stock is currently owned by institutional investors.

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.