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

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

FST Price Performance

Shares of KBSX traded up $0.01 during midday trading on Tuesday, hitting $0.91. 21,572 shares of the company traded hands, compared to its average volume of 91,458. The stock has a 50-day moving average of $1.11 and a 200-day moving average of $1.23. FST has a one year low of $0.81 and a one year high of $1.82. The firm has a market cap of $34.31 million, a P/E ratio of 90.90 and a beta of 0.36. The company has a debt-to-equity ratio of 0.59, a current ratio of 0.96 and a quick ratio of 0.56.

Hedge Funds Weigh In On FST

A hedge fund recently bought a new position in FST stock. Geode Capital Management LLC bought a new position in FST Corp. (NASDAQ:KBSX) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor 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 own 50.85% of the company’s stock.

Analysts Set New Price Targets

Separately, Litchfield Hills Research initiated coverage on shares of FST in a report on Monday, May 18th. They set a “buy” rating and a $4.00 target price on the stock. One equities research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, FST currently has a consensus rating of “Hold” and an average price target 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.