FST (NASDAQ:KBSX) Rating Increased to Strong-Buy at Litchfield Hills Research

Litchfield Hills Research upgraded shares of FST (NASDAQ:KBSX) to a strong-buy rating in a report released on Monday,Zacks.com reports.

FST Stock Performance

NASDAQ KBSX opened at $1.43 on Monday. The company has a market capitalization of $53.98 million, a price-to-earnings ratio of 143.00 and a beta of 0.28. FST has a twelve month low of $1.04 and a twelve month high of $2.52. The stock has a fifty day simple moving average of $1.33 and a 200 day simple moving average of $1.34. The company has a quick ratio of 0.56, a current ratio of 0.96 and a debt-to-equity ratio of 0.59.

FST (NASDAQ:KBSX) last issued its quarterly earnings results on Wednesday, April 1st. The company reported $0.04 EPS for the quarter. The firm had revenue of $14.65 million for the quarter. Sell-side analysts expect that FST will post 0.05 EPS for the current year.

Institutional Trading of FST

A hedge fund recently bought a new stake in FST stock. Geode Capital Management LLC purchased 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 institutional investor purchased 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 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.