Ostin Technology Group (NASDAQ:OST) Trading Down 1.5% – Time to Sell?

Ostin Technology Group Co., Ltd. (NASDAQ:OST)’s share price was down 1.5% during mid-day trading on Thursday . The company traded as low as $1.67 and last traded at $1.6950. Approximately 57,000 shares changed hands during mid-day trading, The stock had previously closed at $1.72.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ostin Technology Group in a report on Tuesday, January 27th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Ostin Technology Group Stock Performance

The company has a debt-to-equity ratio of 0.22, a current ratio of 0.46 and a quick ratio of 0.30. The company’s 50-day moving average is $1.69 and its two-hundred day moving average is $1.74.

Institutional Trading of Ostin Technology Group

Hedge funds have recently added to or reduced their stakes in the business. Marex Group plc bought a new position in shares of Ostin Technology Group in the second quarter worth $45,000. Quadrature Capital Ltd bought a new position in Ostin Technology Group in the 2nd quarter valued at about $49,000. Citadel Advisors LLC acquired a new position in Ostin Technology Group during the 3rd quarter valued at about $59,000. Finally, Qube Research & Technologies Ltd acquired a new position in Ostin Technology Group during the 2nd quarter valued at about $104,000. Institutional investors 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.