FST (NASDAQ:KBSX) Releases Quarterly Earnings Results, Misses Expectations By $0.03 EPS

FST (NASDAQ:KBSX) announced its earnings results on Tuesday. The company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.03), FiscalAI reports. The company had revenue of $12.55 million during the quarter.

FST Price Performance

Shares of NASDAQ:KBSX opened at $0.91 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.56 and a debt-to-equity ratio of 0.59. FST has a 52 week low of $0.81 and a 52 week high of $1.82. The firm’s 50 day moving average is $1.10 and its two-hundred day moving average is $1.22. The firm has a market capitalization of $34.31 million, a P/E ratio of 90.90 and a beta of 0.36.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in FST stock. Geode Capital Management LLC bought a new position in FST Corp. (NASDAQ:KBSX) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 41,123 shares of the company’s stock, valued at approximately $73,000. Geode Capital Management LLC owned approximately 0.11% of FST at the end of the most recent reporting period. Institutional investors and hedge funds own 50.85% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Litchfield Hills Research started coverage on shares of FST in a research note on Monday, May 18th. They set a “buy” rating and a $4.00 price objective on the stock. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $4.00.

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.