L.B. Foster (NASDAQ:FSTR) Stock Passes Above 200 Day Moving Average - Here's Why

L.B. Foster Company (NASDAQ:FSTR - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.71 and traded as high as $24.61. L.B. Foster shares last traded at $24.30, with a volume of 24,364 shares trading hands.

Analysts Set New Price Targets

Several analysts recently issued reports on FSTR shares. B. Riley started coverage on L.B. Foster in a research note on Thursday, March 27th. They set a "neutral" rating and a $25.00 target price on the stock. Wall Street Zen raised L.B. Foster from a "hold" rating to a "buy" rating in a research note on Friday, May 16th.

L.B. Foster Trading Up 3.7%

The company has a current ratio of 2.57, a quick ratio of 1.29 and a debt-to-equity ratio of 0.48. The stock has a 50 day simple moving average of $19.89 and a 200-day simple moving average of $22.65. The firm has a market cap of $256.56 million, a P/E ratio of 7.34 and a beta of 0.99.

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 analysts' consensus estimates of $0.01 by ($0.21). L.B. Foster had a return on equity of 3.76% and a net margin of 7.22%. The firm had revenue of $97.79 million during the quarter, compared to the consensus estimate of $114.40 million. On average, equities research analysts expect that L.B. Foster Company will post 1.16 EPS for the current fiscal year.

Institutional Trading of L.B. Foster

A number of large investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new stake in L.B. Foster in the 4th quarter worth approximately $349,000. BNP Paribas Financial Markets increased its stake in L.B. Foster by 197.2% in the 4th quarter. BNP Paribas Financial Markets now owns 6,368 shares of the basic materials company's stock worth $171,000 after acquiring an additional 4,225 shares during the last quarter. Finally, Hillsdale Investment Management Inc. bought a new stake in L.B. Foster in the 4th quarter worth approximately $1,784,000. Institutional investors 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.