Ostin Technology Group (NASDAQ:OST) Trading Down 1.5% – Here’s Why

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

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Ostin Technology Group in a research report on Friday, April 24th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Ostin Technology Group presently has an average rating of “Sell”.

View Our Latest Stock Analysis on OST

Ostin Technology Group Price Performance

The company has a current ratio of 0.46, a quick ratio of 0.30 and a debt-to-equity ratio of 0.22. The firm has a fifty day moving average price of $1.69 and a 200 day moving average price of $1.69.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Citadel Advisors LLC acquired a new stake in shares of Ostin Technology Group during the 3rd quarter worth approximately $59,000. Marex Group plc bought a new position in Ostin Technology Group in the 2nd quarter valued at $45,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Ostin Technology Group during the second quarter worth $104,000. 21.92% of the stock is owned by institutional investors.

Ostin Technology Group Company Profile

(Get Free Report)

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.

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