L.B. Foster (NASDAQ:FSTR) Shares Pass Above 200 Day Moving Average - Should You Sell?

Key Points

• L.B. Foster's stock price has crossed above its 200-day moving average, with a recent trading price of $26.44 compared to the 200-day average of $22.19.
• Analysts have mixed views on the stock, with ratings ranging from "buy" to "strong sell," and an average target price set at $25.00.
• The company reported earnings per share of $0.27 last quarter, missing expectations by $0.25, and has a current market capitalization of $280.26 million.

L.B. Foster Company (NASDAQ:FSTR - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.19 and traded as high as $26.76. L.B. Foster shares last traded at $26.44, with a volume of 21,317 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Weiss Ratings reiterated a "hold (c)" rating on shares of L.B. Foster in a report on Saturday, September 27th. Wall Street Zen upgraded shares of L.B. Foster from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Finally, Zacks Research lowered shares of L.B. Foster from a "hold" rating to a "strong sell" rating in a research note on Wednesday, August 13th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, L.B. Foster currently has an average rating of "Reduce" and an average target price of $25.00.

L.B. Foster Price Performance

The company has a market capitalization of $280.26 million, a P/E ratio of 7.96 and a beta of 0.96. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.53 and a quick ratio of 1.43. The firm's 50-day moving average is $25.33 and its 200-day moving average is $22.19.

L.B. Foster (NASDAQ:FSTR - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The basic materials company reported $0.27 earnings per share 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 business had revenue of $143.56 million during the quarter, compared to the consensus estimate of $147.76 million. L.B. Foster has set its FY 2025 guidance at EPS. Analysts predict that L.B. Foster Company will post 1.16 EPS for the current fiscal year.

Institutional Trading of L.B. Foster

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Horizon Advisors Inc. raised its stake in shares of L.B. Foster by 250.1% in the second quarter. First Horizon Advisors Inc. now owns 1,348 shares of the basic materials company's stock worth $29,000 after buying an additional 963 shares during the period. Tower Research Capital LLC TRC raised its stake in L.B. Foster by 189.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the basic materials company's stock worth $47,000 after acquiring an additional 1,395 shares during the period. State of Wyoming purchased a new position in L.B. Foster during the second quarter valued at approximately $122,000. Arrowstreet Capital Limited Partnership purchased a new position in L.B. Foster during the second quarter valued at approximately $201,000. Finally, Marion Wealth Management bought a new position in shares of L.B. Foster in the second quarter worth approximately $210,000. Hedge funds and other institutional investors own 80.63% of the company's stock.

L.B. Foster Company Profile

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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