L.B. Foster (NASDAQ:FSTR) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• L.B. Foster's shares have recently crossed above their 200-day moving average of $21.74, reaching a trading high of $27.91.
• Analysts have issued mixed ratings, with Zacks Research downgrading the stock to a "strong sell" while Wall Street Zen upgraded it to "buy."
• The company reported Q2 EPS of $0.27, missing estimates, and set its full-year guidance at an anticipated EPS of 1.16.

L.B. Foster Company (NASDAQ:FSTR - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $21.74 and traded as high as $27.91. L.B. Foster shares last traded at $27.72, with a volume of 25,948 shares.

Analyst Ratings Changes

A number of analysts have recently issued reports on FSTR shares. Zacks Research downgraded shares of L.B. Foster from a "hold" rating to a "strong sell" rating in a report on Wednesday, August 13th. Wall Street Zen upgraded shares of L.B. Foster from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average target price of $25.00.

L.B. Foster Price Performance

The company's 50 day moving average is $24.69 and its 200 day moving average is $21.74. The company has a current ratio of 2.53, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $293.83 million, a price-to-earnings ratio of 8.35 and a beta of 0.99.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FSTR. Brandes Investment Partners LP increased its stake in L.B. Foster by 17.1% in the second quarter. Brandes Investment Partners LP now owns 1,179,015 shares of the basic materials company's stock valued at $25,785,000 after purchasing an additional 172,492 shares during the period. Bridgeway Capital Management LLC increased its stake in L.B. Foster by 161.7% in the second 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 during the period. Janney Montgomery Scott LLC acquired a new position in L.B. Foster in the second quarter valued at $489,000. Gamco Investors INC. ET AL increased its stake in L.B. Foster by 2.0% in the second 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 during the period. Finally, Geode Capital Management LLC increased its stake in L.B. Foster by 7.4% in the second quarter. Geode Capital Management LLC now owns 238,041 shares of the basic materials company's stock valued at $5,207,000 after purchasing an additional 16,320 shares during the period. 80.63% of the stock is currently owned by institutional investors and hedge funds.

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.

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