L.B. Foster (NASDAQ:FSTR) Stock Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• L.B. Foster Company (NASDAQ:FSTR) has surpassed its 200-day moving average, trading at $22.66 with a volume of 18,103 shares on Tuesday.
• Wall Street analysts upgraded L.B. Foster's rating from "hold" to "buy", indicating positive sentiment about the stock's potential.
• L.B. Foster reported earnings of ($0.20) per share for the previous quarter, falling short of the expected $0.01, alongside lower-than-anticipated revenues of $97.79 million.

L.B. Foster Company (NASDAQ:FSTR - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.16 and traded as high as $23.16. L.B. Foster shares last traded at $22.66, with a volume of 18,103 shares changing hands.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised L.B. Foster from a "hold" rating to a "buy" rating in a research report on Friday, May 16th.

L.B. Foster Stock Down 0.3%

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 company has a fifty day simple moving average of $21.94 and a two-hundred day simple moving average of $22.13. The firm has a market capitalization of $237.60 million, a PE ratio of 6.80 and a beta of 0.98.

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). The business 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%. Analysts forecast that L.B. Foster Company will post 1.16 EPS for the current fiscal year.

Institutional Trading of L.B. Foster

A number of institutional investors have recently made changes to their positions in the business. First Horizon Advisors Inc. boosted its holdings in L.B. Foster by 250.1% in the second quarter. First Horizon Advisors Inc. now owns 1,348 shares of the basic materials company's stock worth $29,000 after acquiring an additional 963 shares in the last quarter. Marion Wealth Management purchased a new position in shares of L.B. Foster in the 2nd quarter valued at approximately $210,000. Envestnet Asset Management Inc. boosted its stake in L.B. Foster by 29.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,358 shares of the basic materials company's stock worth $292,000 after purchasing an additional 3,030 shares in the last quarter. Janney Montgomery Scott LLC purchased a new position in L.B. Foster in the 2nd quarter worth $489,000. Finally, Lazard Asset Management LLC purchased a new stake in L.B. Foster in the fourth quarter valued at approximately $349,000. Institutional investors and hedge funds 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.