L.B. Foster Company (NASDAQ:FSTR - Get Free Report) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 changing hands.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on FSTR. B. Riley began coverage on shares of L.B. Foster in a research note on Thursday, March 27th. They set a "neutral" rating and a $25.00 price target on the stock. Wall Street Zen upgraded shares of L.B. Foster from a "hold" rating to a "buy" rating in a research note on Friday, May 16th.
Read Our Latest Report on L.B. Foster
L.B. Foster Price Performance
The company has a debt-to-equity ratio of 0.48, a current ratio of 2.57 and a quick ratio of 1.29. The company has a market capitalization of $256.56 million, a PE ratio of 7.34 and a beta of 0.99. The stock's 50 day simple moving average is $19.89 and its 200-day simple moving average is $22.65.
L.B. Foster (NASDAQ:FSTR - Get Free Report) last released its earnings results on Tuesday, May 6th. The basic materials company reported ($0.20) earnings per share 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 for the quarter, compared to analysts' expectations of $114.40 million. As a group, equities analysts forecast that L.B. Foster Company will post 1.16 earnings per share for the current fiscal year.
Institutional Trading of L.B. Foster
A number of large investors have recently made changes to their positions in FSTR. BNP Paribas Financial Markets boosted 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 purchasing an additional 4,225 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in L.B. Foster in the fourth quarter valued at approximately $1,784,000. Finally, Lazard Asset Management LLC acquired a new position in L.B. Foster in the fourth quarter valued at approximately $349,000. 80.63% of the stock is currently owned by hedge funds and other institutional investors.
L.B. Foster Company Profile
(
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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