FBS Global (NASDAQ:FBGL) Trading 5.2% Higher – What’s Next?
by Danessa Lincoln · The Markets DailyShares of FBS Global Limited (NASDAQ:FBGL – Get Free Report) were up 5.2% during trading on Tuesday . The company traded as high as $0.6499 and last traded at $0.6342. Approximately 108,429 shares changed hands during mid-day trading, a decline of 94% from the average daily volume of 1,797,181 shares. The stock had previously closed at $0.6026.
Analyst Ratings Changes
Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of FBS Global in a research report on Monday, December 29th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.
View Our Latest Stock Analysis on FBS Global
FBS Global Stock Up 5.2%
The business has a 50 day simple moving average of $0.79 and a 200-day simple moving average of $0.76.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Renaissance Technologies LLC bought a new position in FBS Global in the 4th quarter worth about $121,000. Jane Street Group LLC bought a new stake in shares of FBS Global during the fourth quarter valued at approximately $54,000. Finally, Citadel Advisors LLC boosted its position in shares of FBS Global by 202.0% during the third quarter. Citadel Advisors LLC now owns 48,077 shares of the company’s stock worth $37,000 after buying an additional 32,157 shares during the period.
FBS Global Company Profile
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. From its beginning as a construction company since 1996, FBS SG has developed into a premier integrated engineering company that provides a full suite of construction and engineering services.