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 $22.40 and traded as high as $23.22. L.B. Foster shares last traded at $22.38, with a volume of 18,623 shares.
Wall Street Analyst Weigh In
A number of research analysts recently commented on the company. Wall Street Zen upgraded L.B. Foster from a "hold" rating to a "buy" rating in a report on Friday, May 16th. B. Riley assumed coverage on L.B. Foster in a report on Thursday, March 27th. They issued a "neutral" rating and a $25.00 price objective on the stock.
Check Out Our Latest Analysis on L.B. Foster
L.B. Foster Stock Up 2.4%
The stock has a market cap of $260.09 million, a PE ratio of 7.44 and a beta of 0.99. The firm has a fifty day moving average of $21.17 and a 200 day moving average of $22.34. The company has a quick ratio of 1.29, a current ratio of 2.57 and a debt-to-equity ratio of 0.48.
L.B. Foster (NASDAQ:FSTR - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.21). L.B. Foster had a net margin of 7.22% and a return on equity of 3.76%. The company had revenue of $97.79 million during the quarter, compared to analyst estimates of $114.40 million. On average, equities research analysts anticipate that L.B. Foster Company will post 1.16 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in FSTR. BNP Paribas Financial Markets increased its holdings in L.B. Foster by 197.2% in the fourth quarter. BNP Paribas Financial Markets now owns 6,368 shares of the basic materials company's stock valued at $171,000 after buying an additional 4,225 shares in the last quarter. Lazard Asset Management LLC purchased a new position in L.B. Foster in the fourth quarter valued at about $349,000. Finally, Janney Montgomery Scott LLC purchased a new position in L.B. Foster in the second quarter valued at about $489,000. 80.63% of the stock is owned by hedge funds and other institutional investors.
About L.B. Foster
(
Get Free Report)
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.
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