FST (NASDAQ:KBSX) Trading Down 2.9% – Should You Sell?

FST Corp. (NASDAQ:KBSX) shares fell 2.9% during trading on Wednesday . The company traded as low as $1.58 and last traded at $1.65. 37,066 shares were traded during trading, an increase of 34% from the average session volume of 27,604 shares. The stock had previously closed at $1.70.

FST Price Performance

The stock has a 50-day simple moving average of $1.73. The company has a quick ratio of 0.55, a current ratio of 1.21 and a debt-to-equity ratio of 0.58. The stock has a market cap of $62.29 million, a P/E ratio of -4.71 and a beta of 0.45.

Institutional Trading of 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 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.