L.B. Foster Company (NASDAQ:FSTR - Get Free Report)'s stock price passed 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.
Analysts Set New Price Targets
A number of equities analysts recently commented on FSTR shares. Wall Street Zen upgraded shares of L.B. Foster from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. B. Riley started coverage on shares of L.B. Foster in a research report on Thursday, March 27th. They issued a "neutral" rating and a $25.00 price objective on the stock.
Check Out Our Latest Stock Analysis on FSTR
L.B. Foster Price Performance
The business's 50-day simple moving average is $19.96 and its 200-day simple moving average is $22.60. The stock has a market cap of $248.69 million, a PE ratio of 7.11 and a beta of 0.99. 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) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.21). The company had revenue of $97.79 million for the quarter, compared to the consensus estimate of $114.40 million. L.B. Foster had a net margin of 7.22% and a return on equity of 3.76%. On average, research analysts expect that L.B. Foster Company will post 1.16 EPS for the current fiscal year.
Institutional Investors Weigh In On L.B. Foster
A number of large investors have recently modified their holdings of the stock. Lazard Asset Management LLC bought a new stake in shares of L.B. Foster during the 4th quarter valued at about $349,000. BNP Paribas Financial Markets boosted its stake in L.B. Foster by 197.2% during the fourth 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 in the last quarter. Finally, Hillsdale Investment Management Inc. bought a new stake in L.B. Foster during 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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