FST (NASDAQ:KBSX) Stock Price Down 2.9% - Here's Why

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)'s stock price fell 2.9% on Wednesday . The stock traded as low as $1.58 and last traded at $1.65. 37,066 shares changed hands during mid-day 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 firm has a 50 day moving average price of $1.72. The company has a debt-to-equity ratio of 1.18, a current ratio of 0.86 and a quick ratio of 0.46. The firm has a market capitalization of $62.29 million, a PE ratio of -4.71 and a beta of 0.45.

Hedge Funds Weigh In On FST

A hedge fund recently bought a new stake in FST stock. Geode Capital Management LLC acquired a new position in shares of FST Corp. (NASDAQ:KBSX - Free Report) in the 2nd quarter, according to its most recent 13F filing 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 at the end of the most recent quarter. Institutional investors own 50.85% of the company's stock.

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.