L.B. Foster Company (NASDAQ:FSTR - Get Free Report)'s share price 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 traded.
Wall Street Analyst Weigh In
Several equities analysts recently commented on the stock. B. Riley began coverage on shares of L.B. Foster in a research report on Thursday, March 27th. They set a "neutral" rating and a $25.00 price target for the company. Wall Street Zen raised shares of L.B. Foster from a "hold" rating to a "buy" rating in a report on Friday, May 16th.
Check Out Our Latest Stock Analysis on L.B. Foster
L.B. Foster Stock Down 3.0%
The firm has a market capitalization of $248.66 million, a price-to-earnings ratio of 7.11 and a beta of 0.99. The stock has a 50 day moving average of $19.89 and a 200 day moving average of $22.62. 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 announced its earnings results on Tuesday, May 6th. The basic materials company reported ($0.20) 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 for the quarter, compared to analysts' expectations of $114.40 million. As a group, analysts expect that L.B. Foster Company will post 1.16 earnings per share for the current fiscal year.
Hedge Funds Weigh In On L.B. Foster
Institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC bought a new position in L.B. Foster in the 4th quarter worth $349,000. BNP Paribas Financial Markets increased its stake in shares of 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 worth $171,000 after purchasing an additional 4,225 shares during the period. Finally, Hillsdale Investment Management Inc. bought a new position in shares of L.B. Foster in the fourth quarter worth about $1,784,000. Institutional investors own 80.63% of the company's stock.
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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