FST (NASDAQ:KBSX) Announces Earnings Results

FST (NASDAQ:KBSX) posted its earnings results on Friday. The company reported ($0.01) earnings per share (EPS) for the quarter, Zacks reports.

FST Trading Down 2.9%

Shares of KBSX stock opened at $1.16 on Friday. The company has a debt-to-equity ratio of 1.58, a quick ratio of 0.50 and a current ratio of 0.90. The company has a market capitalization of $43.60 million, a price-to-earnings ratio of 38.50 and a beta of 0.42. FST has a 52-week low of $1.10 and a 52-week high of $8.75. The company has a 50-day simple moving average of $1.32 and a two-hundred day simple moving average of $1.48.

Institutional Trading of FST

A hedge fund recently bought a new stake in FST stock. Geode Capital Management LLC acquired a new stake in FST Corp. (NASDAQ:KBSX) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 41,123 shares of the company’s stock, valued at approximately $73,000. Geode Capital Management LLC owned about 0.11% of FST at the end of the most recent quarter. 50.85% of the stock is currently owned by hedge funds and other 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.