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

Key Points

• FST Corp. shares fell 2.9% during trading, closing at $1.65, with trading volume increasing by 34% compared to the average session.
• The company has a market capitalization of $62.29 million and a P/E ratio of -4.71, alongside a debt-to-equity ratio of 0.58.
• Institutional investors own 50.85% of FST Corp., with Geode Capital Management recently acquiring a stake worth approximately $73,000.

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

FST Stock Performance

The firm has a market cap of $64.93 million, a PE ratio of -4.91 and a beta of 0.45. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.55 and a current ratio of 0.86. The firm's 50-day moving average price is $1.72.

Institutional Trading of FST

A hedge fund recently bought a new stake in FST stock. Geode Capital Management LLC bought a new position in FST Corp. (NASDAQ:KBSX - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 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 reporting period. 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.