NEW YORK, USA – Shares of Ostin Technology Group Co., Ltd. (NASDAQ: OST) experienced a dramatic plunge in early market trading Tuesday, shedding over 38% of their value and catching the attention of investors.
As of 9:52 AM EDT, shortly after the market opened, OST stock was trading sharply lower at $1.9700. This represents a significant drop of $1.2200, or -38.24%, from its previous closing price of $3.1900.
The sell-off appeared to initiate almost immediately upon the market open at 9:30 AM EDT. The stock gapped down significantly, opening the session at $2.0000. Within the first hour of trading, Ostin Technology shares touched a day low of $1.8000 before seeing a slight rebound to the current $1.97 level. The day’s range so far sits between $1.8000 and $2.3399.
This sharp price movement is accompanied by significant trading volume. Over 1.7 million shares had already changed hands by 9:52 AM EDT, rapidly approaching the stock’s average daily volume of approximately 2.14 million shares. This heightened activity underscores the intense selling pressure on OST stock this morning.
Ostin Technology Group, operating within the technology sector, currently holds an intraday market capitalization of around $54.037 million. Today’s low brings the stock closer to the lower end of its 52-week range of $0.7800 – $5.7800.
Key financial metrics show a negative Earnings Per Share (TTM) of -$6.7400. Currently, there is no listed PE Ratio (TTM), forward dividend, yield, or recent earnings date reported for the company based on the available data.
The significant volatility places OST stock among the notable movers on the Nasdaq today as traders react to the precipitous drop.
