FST (NASDAQ:KBSX – Get Free Report) released its earnings results on Tuesday. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.03), FiscalAI reports. FST had a negative net margin of 0.90% and a positive return on equity of 1.70%. The company had revenue of $12.55 million during the quarter.
FST Stock Performance
NASDAQ KBSX opened at $0.91 on Thursday. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.56. FST has a 1-year low of $0.81 and a 1-year high of $1.78. The firm has a market capitalization of $34.20 million, a P/E ratio of -90.60 and a beta of 0.36. The business’s 50-day simple moving average is $1.09 and its 200-day simple moving average is $1.22.
Analysts Set New Price Targets
Separately, Litchfield Hills Research began coverage on shares of FST in a report on Monday, May 18th. They issued a “buy” rating and a $4.00 price target on the stock. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, FST has a consensus rating of “Hold” and a consensus price target of $4.00.
Institutional Inflows and Outflows
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 – Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 as of its most recent SEC filing. Institutional investors and hedge funds 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.
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