Freightcar America, Inc. (NASDAQ:RAIL - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.43 and traded as high as $11.85. Freightcar America shares last traded at $11.54, with a volume of 170,094 shares changing hands.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Wall Street Zen lowered shares of Freightcar America from a "buy" rating to a "hold" rating in a research report on Wednesday, May 7th. Northcoast Research assumed coverage on shares of Freightcar America in a research report on Thursday, May 1st. They set a "buy" rating and a $9.00 target price on the stock.
Check Out Our Latest Analysis on RAIL
Freightcar America Price Performance
The firm has a market cap of $218.20 million, a price-to-earnings ratio of -12.32 and a beta of 1.89. The firm has a 50 day moving average price of $9.10 and a 200-day moving average price of $8.46.
Insiders Place Their Bets
In related news, insider Celia Perez sold 7,982 shares of the firm's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of $8.59, for a total transaction of $68,565.38. Following the sale, the insider owned 50,326 shares of the company's stock, valued at approximately $432,300.34. This trade represents a 13.69% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 28.70% of the company's stock.
Institutional Investors Weigh In On Freightcar America
A number of hedge funds have recently modified their holdings of RAIL. Man Group plc acquired a new stake in Freightcar America during the 4th quarter worth approximately $480,000. Millennium Management LLC raised its stake in shares of Freightcar America by 170.7% in the 4th quarter. Millennium Management LLC now owns 140,108 shares of the transportation company's stock valued at $1,255,000 after purchasing an additional 88,356 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Freightcar America by 125.2% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 389,018 shares of the transportation company's stock valued at $3,486,000 after buying an additional 216,307 shares during the last quarter. Two Sigma Investments LP acquired a new stake in Freightcar America in the 4th quarter valued at approximately $254,000. Finally, Squarepoint Ops LLC acquired a new stake in Freightcar America in the 4th quarter valued at approximately $290,000. Institutional investors and hedge funds own 31.96% of the company's stock.
About Freightcar America
(
Get Free Report)
FreightCar America, Inc, through its subsidiaries, engages in design, manufacture, and sale of railcars and railcar components for the transportation of bulk commodities and containerized freight products in the United States and Mexico. It operates in two segments, Manufacturing and Parts. The company offers a range of railcars, including open top hoppers, mill gondola cars, intermodal and non-intermodal flat cars, coal cars; bulk commodity cars covered hopper cars, coil steel cars, boxcars, woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars.
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