Ostin Technology Group (NASDAQ:OST) Stock Price Down 1.5% – Here’s What Happened

Ostin Technology Group Co., Ltd. (NASDAQ:OST)’s stock price fell 1.5% during trading on Tuesday . The company traded as low as $1.67 and last traded at $1.6950. 57,000 shares were traded during trading, The stock had previously closed at $1.72.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Ostin Technology Group in a research note on Tuesday, January 27th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has a consensus rating of “Sell”.

Ostin Technology Group Stock Performance

The stock has a 50-day simple moving average of $1.69 and a 200 day simple moving average of $1.70. The company has a debt-to-equity ratio of 0.22, a current ratio of 0.46 and a quick ratio of 0.30.

Hedge Funds Weigh In On Ostin Technology Group

Hedge funds have recently added to or reduced their stakes in the company. Qube Research & Technologies Ltd bought a new stake in Ostin Technology Group during the 2nd quarter worth about $104,000. Quadrature Capital Ltd acquired a new stake in shares of Ostin Technology Group during the 2nd quarter worth approximately $49,000. Marex Group plc acquired a new stake in shares of Ostin Technology Group during the 2nd quarter worth approximately $45,000. Finally, Citadel Advisors LLC bought a new stake in shares of Ostin Technology Group during the third quarter worth approximately $59,000. Institutional investors own 21.92% of the company’s stock.

About Ostin Technology Group

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.