FST (NASDAQ:KBSX) Upgraded by Litchfield Hills Research to Strong-Buy Rating

FST (NASDAQ:KBSX) was upgraded by analysts at Litchfield Hills Research to a “strong-buy” rating in a research note issued to investors on Monday,Zacks.com reports.

FST Stock Performance

Shares of KBSX opened at $1.43 on Monday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.56 and a current ratio of 0.96. The stock has a 50 day moving average price of $1.33 and a two-hundred day moving average price of $1.34. The firm has a market capitalization of $53.98 million, a P/E ratio of 143.00 and a beta of 0.28. FST has a 52 week low of $1.04 and a 52 week high of $2.52.

FST (NASDAQ:KBSX) last issued its quarterly earnings data on Wednesday, April 1st. The company reported $0.04 EPS for the quarter. The company had revenue of $14.65 million for the quarter. Equities analysts forecast that FST will post 0.05 earnings per share for the current fiscal year.

Institutional Trading of FST

An institutional investor recently bought a new position in FST stock. Geode Capital Management LLC acquired a new position in shares of FST Corp. (NASDAQ:KBSX) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 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 filing with the Securities and Exchange Commission. 50.85% of the stock is owned by institutional investors and hedge funds.

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.