FST (NASDAQ:KBSX) Trading 0.9% Higher - Here's What Happened

Key Points

• FST Corp. shares rose 0.9% in Thursday trading, last closing at $1.63, with a trading volume decline of 19% compared to its average.
• The company has a market cap of $61.69 million and a PE ratio of -4.67, indicating a negative earnings situation.
• Geode Capital Management LLC acquired 41,123 shares of FST Corp., increasing institutional ownership to 50.85% of the stock.

FST Corp. (NASDAQ:KBSX - Get Free Report) shares traded up 0.9% on Thursday . The company traded as high as $1.65 and last traded at $1.63. 13,165 shares changed hands during trading, a decline of 19% from the average session volume of 16,310 shares. The stock had previously closed at $1.62.

FST Price Performance

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 stock's 50 day simple moving average is $1.69 and its two-hundred day simple moving average is $2.03. The stock has a market cap of $61.91 million, a price-to-earnings ratio of -4.69 and a beta of 0.45.

Institutional Investors Weigh In On FST

A hedge fund recently bought a new stake in FST stock. Geode Capital Management LLC purchased a new stake in FST Corp. (NASDAQ:KBSX - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 41,123 shares of the company's stock, valued at approximately $73,000. Geode Capital Management LLC owned approximately 0.11% of FST at the end of the most recent reporting period. 50.85% of the stock is owned by institutional investors and hedge funds.

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.