Shares of Freightcar America, Inc. (NASDAQ:RAIL - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.32 and traded as high as $8.76. Freightcar America shares last traded at $8.49, with a volume of 146,346 shares traded.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on RAIL. Wall Street Zen downgraded Freightcar America from a "buy" rating to a "hold" rating in a report on Wednesday, May 7th. Northcoast Research started coverage on shares of Freightcar America in a research note on Thursday, May 1st. They set a "buy" rating and a $9.00 price objective on the stock.
Check Out Our Latest Analysis on RAIL
Freightcar America Stock Performance
The stock has a market cap of $167.36 million, a PE ratio of -9.45 and a beta of 1.90. The firm has a 50-day moving average price of $7.39 and a 200-day moving average price of $8.32.
Insider Transactions at Freightcar America
In other news, insider Celia Perez sold 7,982 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $8.59, for a total transaction of $68,565.38. Following the completion of the sale, the insider now owns 50,326 shares of the company's stock, valued at $432,300.34. This represents a 13.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 28.70% of the company's stock.
Institutional Investors Weigh In On Freightcar America
Hedge funds and other institutional investors have recently modified their holdings of the stock. Globeflex Capital L P bought a new stake in Freightcar America during the fourth quarter valued at about $69,000. Quantbot Technologies LP grew its stake in shares of Freightcar America by 80.8% during the 4th quarter. Quantbot Technologies LP now owns 8,128 shares of the transportation company's stock valued at $73,000 after acquiring an additional 3,632 shares during the period. Mechanics Financial Corp purchased a new stake in Freightcar America in the 1st quarter worth approximately $55,000. Dynamic Technology Lab Private Ltd purchased a new stake in Freightcar America in the 1st quarter worth approximately $61,000. Finally, Walleye Capital LLC purchased a new position in Freightcar America during the first quarter valued at approximately $74,000. 31.96% of the stock is currently owned by hedge funds and other institutional investors.
Freightcar America Company Profile
(
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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