L.B. Foster Company (NASDAQ:FSTR - Get Free Report)'s share 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 changing hands.
Wall Street Analyst Weigh In
FSTR has been the subject of a number of recent research reports. B. Riley initiated coverage on L.B. Foster in a report on Thursday, March 27th. They issued a "neutral" rating and a $25.00 target price for the company. Wall Street Zen raised L.B. Foster from a "hold" rating to a "buy" rating in a report on Friday, May 16th.
Get Our Latest Research Report on FSTR
L.B. Foster Price Performance
The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.29 and a current ratio of 2.57. The firm has a market capitalization of $256.56 million, a P/E ratio of 7.34 and a beta of 0.99. The company has a 50-day moving average price of $19.89 and a 200-day moving average price of $22.62.
L.B. Foster (NASDAQ:FSTR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The basic materials company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate 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 company had revenue of $97.79 million during the quarter, compared to the consensus estimate of $114.40 million. On average, sell-side analysts predict that L.B. Foster Company will post 1.16 earnings per share for the current year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its holdings 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. Hillsdale Investment Management Inc. bought a new position in L.B. Foster during the fourth quarter worth about $1,784,000. Finally, Lazard Asset Management LLC bought a new position in L.B. Foster during the fourth quarter worth about $349,000. 80.63% of the stock is currently owned by institutional investors.
About L.B. Foster
(
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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