FST (NASDAQ:KBSX) Announces Quarterly Earnings Results

FST (NASDAQ:KBSX) issued its earnings results on Friday. The company reported ($0.01) EPS for the quarter, Zacks reports.

FST Price Performance

KBSX traded down $0.03 during trading on Friday, hitting $1.16. 6,444 shares of the stock traded hands, compared to its average volume of 11,050. The business has a 50 day moving average price of $1.33 and a 200 day moving average price of $1.49. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.90 and a quick ratio of 0.50. FST has a twelve month low of $1.10 and a twelve month high of $8.75. The company has a market cap of $43.79 million, a price-to-earnings ratio of 38.67 and a beta of 0.42.

Institutional Trading of FST

A hedge fund recently bought a new stake in FST stock. Geode Capital Management LLC bought a new stake in FST Corp. (NASDAQ:KBSX) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 41,123 shares of the company’s stock, valued at approximately $73,000. Geode Capital Management LLC owned about 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.

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.