Ostin Technology Group (NASDAQ:OST) Shares Down 1.5% – Should You Sell?

Ostin Technology Group Co., Ltd. (NASDAQ:OST) was down 1.5% on Monday . The company traded as low as $1.67 and last traded at $1.6950. Approximately 57,000 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 336,418 shares. The stock had previously closed at $1.72.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on OST shares. Weiss Ratings reissued a “sell (e+)” rating on shares of Ostin Technology Group in a report on Wednesday, October 8th. Wall Street Zen upgraded shares of Ostin Technology Group from a “strong sell” rating to a “hold” rating in a research note on Sunday, September 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Ostin Technology Group currently has a consensus rating of “Sell”.

Ostin Technology Group Trading Down 1.5%

The company has a quick ratio of 0.33, a current ratio of 0.52 and a debt-to-equity ratio of 0.28. The stock has a fifty day moving average price of $1.70 and a 200-day moving average price of $39.33.

Institutional Trading of Ostin Technology Group

Several hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC acquired a new position in shares of Ostin Technology Group during the third quarter worth about $59,000. Marex Group plc purchased a new stake in Ostin Technology Group in the 2nd quarter valued at approximately $45,000. Quadrature Capital Ltd purchased a new stake in Ostin Technology Group in the 2nd quarter valued at approximately $49,000. Finally, Qube Research & Technologies Ltd acquired a new position in Ostin Technology Group during the 2nd quarter worth approximately $104,000. Institutional investors and hedge funds own 21.92% of the company’s stock.

About Ostin Technology Group

Ostin Technology Group Co, Ltd. designs, develops, and manufactures thin-film transistor liquid crystal display (TFT-LCD) modules and polarizers in China. It offers display modules to markets, such as consumer electronics, including AIOs, monitors, laptop computers, and tablets; automotive displays, including dashboard, and navigation and multimedia systems; and commercial LCD displays, which are used to display multimedia graphics, such as company advertisements, promotions, scoreboards, and traffic signs in education, medical treatment, business, outdoor, and cultural construction industries.