FST (NASDAQ:KBSX) Trading Up 11.3% - Here's Why

Key Points

• Shares jumped 11.3%, trading as high as $1.58 and last at $1.57 on Thursday, with about 325,975 shares changing hands—roughly 39% below the stock's average daily volume.
• Latest quarter showed an EPS of ($0.01) on $13.22 million in revenue, analysts project 0.05 EPS for the year, and the company shows leverage and thin liquidity with a debt-to-equity of 1.57, current ratio 0.79 and quick ratio 0.45.
• Geode Capital Management established a new position of 41,123 shares (~$73,000) in Q2, and institutional investors now own 50.85% of the company.

FST Corp. (NASDAQ:KBSX - Get Free Report)'s share price was up 11.3% on Thursday . The stock traded as high as $1.58 and last traded at $1.57. Approximately 325,975 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 533,221 shares. The stock had previously closed at $1.41.

FST Stock Up 11.3%

The company has a debt-to-equity ratio of 1.57, a current ratio of 0.79 and a quick ratio of 0.45. The firm has a 50-day moving average of $1.29 and a two-hundred day moving average of $1.37.

FST (NASDAQ:KBSX - Get Free Report) last issued its quarterly earnings data on Friday, February 13th. The company reported ($0.01) earnings per share for the quarter. The company had revenue of $13.22 million during the quarter. Equities research analysts predict that FST Corp. will post 0.05 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in FST stock. Geode Capital Management LLC purchased 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 purchased 41,123 shares of the company's stock, valued at approximately $73,000. Geode Capital Management LLC owned 0.11% of FST as of its most recent SEC filing. Hedge funds and other institutional investors own 50.85% of the company's stock.

FST Company Profile

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.

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