FBS Global (NASDAQ:FBGL) Trading Down 8.6% – Should You Sell?

FBS Global Limited (NASDAQ:FBGLGet Free Report) shares fell 8.6% during mid-day trading on Friday . The company traded as low as $0.5452 and last traded at $0.5538. 196,392 shares were traded during trading, a decline of 46% from the average session volume of 361,030 shares. The stock had previously closed at $0.6061.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “sell (e)” rating on shares of FBS Global in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of “Sell”.

Read Our Latest Report on FBS Global

FBS Global Price Performance

The stock’s 50 day moving average is $0.64 and its two-hundred day moving average is $0.63.

FBS Global Company Profile

(Get Free Report)

The predecessor of our principal operating company was incorporated on March 9, 1996 in Singapore under the name Finebuild Systems Pte Ltd. Pursuant to a restructuring that took effect on August 2, 2022, FBS Global Limited, an exempted company incorporated in the Cayman Islands, through its wholly owned subsidiary, Success Elite Developments Limited, a company incorporated in BVI, became the ultimate holding company of our current principal operating subsidiary referred to herein as FBS SG.

Further Reading

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