L.B. Foster (NASDAQ:FSTR) Share Price Crosses Above 200-Day Moving Average - Here's Why

Key Points

• L.B. Foster's share price recently crossed above its 200-day moving average, trading as high as $26.81 before closing at $26.03.
• Wall Street analysts have downgraded L.B. Foster's rating, with Zacks Research moving from a "hold" to a "strong sell," while the consensus rating has dropped to "Reduce."
• The company reported Q2 earnings that missed estimates, with an EPS of $0.27 compared to the expected $0.52, and revenue of $143.56 million versus the forecast of $147.76 million.

L.B. Foster Company (NASDAQ:FSTR - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.58 and traded as high as $26.81. L.B. Foster shares last traded at $26.03, with a volume of 43,030 shares.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on FSTR. Wall Street Zen cut shares of L.B. Foster from a "buy" rating to a "hold" rating in a research report on Sunday, August 24th. Zacks Research lowered shares of L.B. Foster from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 13th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Reduce" and an average price target of $25.00.

L.B. Foster Price Performance

The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.43 and a current ratio of 2.53. The stock has a market cap of $275.92 million, a price-to-earnings ratio of 7.84 and a beta of 0.99. The business's fifty day simple moving average is $23.48 and its 200 day simple moving average is $21.58.

L.B. Foster (NASDAQ:FSTR - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The basic materials company reported $0.27 EPS for the quarter, missing analysts' consensus estimates of $0.52 by ($0.25). The firm had revenue of $143.56 million during the quarter, compared to analyst estimates of $147.76 million. L.B. Foster had a return on equity of 3.64% and a net margin of 7.19%. L.B. Foster has set its FY 2025 guidance at EPS. Research analysts predict that L.B. Foster Company will post 1.16 EPS for the current fiscal year.

Institutional Investors Weigh In On L.B. Foster

A number of institutional investors have recently modified their holdings of the stock. State of Wyoming acquired a new stake in shares of L.B. Foster in the 2nd quarter valued at about $122,000. Tower Research Capital LLC TRC raised its stake in shares of L.B. Foster by 189.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the basic materials company's stock valued at $47,000 after purchasing an additional 1,395 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in shares of L.B. Foster by 161.7% in the 2nd quarter. Bridgeway Capital Management LLC now owns 51,285 shares of the basic materials company's stock valued at $1,122,000 after purchasing an additional 31,685 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of L.B. Foster by 15.2% in the 2nd quarter. Ameriprise Financial Inc. now owns 52,527 shares of the basic materials company's stock valued at $1,149,000 after purchasing an additional 6,920 shares in the last quarter. Finally, Gamco Investors INC. ET AL raised its stake in shares of L.B. Foster by 2.0% in the 2nd quarter. Gamco Investors INC. ET AL now owns 950,272 shares of the basic materials company's stock valued at $20,782,000 after purchasing an additional 18,272 shares in the last quarter. Institutional investors and hedge funds own 80.63% of the company's stock.

About L.B. Foster

L.B. Foster Company provides engineered and manufactured products and services for the building and infrastructure projects in the United States, Canada, the United Kingdom, and internationally. It operates through two segments: Rail, Technologies, and Services; and Infrastructure Solutions. The Rail, Technologies, and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors, as well as used rails; rail accessories, such as rack spikes, bolts, angle bars, tie plates, and other products; insulated rail joints and related accessories; fixation fasteners, coverboards, and special accessories; and trackwork products.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.