Ostin Technology Group (NASDAQ:OST) Raised to Hold at Wall Street Zen

Ostin Technology Group (NASDAQ:OST) was upgraded by equities researchers at Wall Street Zen from a “strong sell” rating to a “hold” rating in a research report issued on Sunday.

Ostin Technology Group Trading Down 1.5%

Shares of Ostin Technology Group stock opened at $1.70 on Friday. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.52 and a quick ratio of 0.33. Ostin Technology Group has a 52 week low of $1.35 and a 52 week high of $235.00. The stock has a 50 day moving average price of $2.07 and a two-hundred day moving average price of $53.09.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of OST. Marex Group plc purchased a new position in shares of Ostin Technology Group during the second quarter valued at approximately $45,000. Quadrature Capital Ltd purchased a new position in shares of Ostin Technology Group during the second quarter valued at approximately $49,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Ostin Technology Group during the second quarter valued at approximately $104,000. Hedge funds and other institutional investors own 21.92% of the company’s stock.

Ostin Technology Group Company Profile

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.