L.B. Foster (NASDAQ:FSTR) Stock Price Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• L.B. Foster Company shares have crossed above their 200-day moving average of $22.49, closing at $26.68 with a trading volume of 24,010 shares.
• Analysts demonstrate mixed sentiment, with Wall Street Zen upgrading the stock to a "buy" rating, while Zacks Research raised it from a "strong sell" to a "hold" rating, leading to a consensus rating of "Hold."
• The company reported disappointing quarterly earnings with an EPS of $0.27, falling short of the expected $0.52, while revenues were also below analyst estimates at $143.56 million.

L.B. Foster Company (NASDAQ:FSTR - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.49 and traded as high as $27.52. L.B. Foster shares last traded at $26.68, with a volume of 24,010 shares.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wall Street Zen upgraded shares of L.B. Foster from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Weiss Ratings reiterated a "hold (c)" rating on shares of L.B. Foster in a report on Wednesday, October 8th. Finally, Zacks Research upgraded shares of L.B. Foster from a "strong sell" rating to a "hold" rating in a report on Monday. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, L.B. Foster presently has a consensus rating of "Hold" and an average target price of $25.00.

L.B. Foster Stock Performance

The firm's fifty day moving average price is $25.88 and its 200-day moving average price is $22.49. The company has a current ratio of 2.53, a quick ratio of 1.43 and a debt-to-equity ratio of 0.46. The firm has a market cap of $282.81 million, a price-to-earnings ratio of 8.04 and a beta of 0.96.

L.B. Foster (NASDAQ:FSTR - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The basic materials company reported $0.27 earnings per share for the quarter, missing analysts' consensus estimates of $0.52 by ($0.25). The business had revenue of $143.56 million for the quarter, compared to analyst estimates of $147.76 million. L.B. Foster had a return on equity of 3.64% and a net margin of 7.19%. L.B. Foster has set its FY 2025 guidance at EPS. Analysts expect that L.B. Foster Company will post 1.16 earnings per share for the current year.

Institutional Trading of L.B. Foster

A number of large investors have recently bought and sold shares of the business. State of Wyoming acquired a new stake in L.B. Foster during the 2nd quarter worth $122,000. Tower Research Capital LLC TRC boosted its stake in L.B. Foster by 189.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the basic materials company's stock worth $47,000 after purchasing an additional 1,395 shares during the period. Bridgeway Capital Management LLC boosted its stake in L.B. Foster by 161.7% during the 2nd quarter. Bridgeway Capital Management LLC now owns 51,285 shares of the basic materials company's stock worth $1,122,000 after purchasing an additional 31,685 shares during the period. Ameriprise Financial Inc. boosted its stake in L.B. Foster by 15.2% during the 2nd quarter. Ameriprise Financial Inc. now owns 52,527 shares of the basic materials company's stock worth $1,149,000 after purchasing an additional 6,920 shares during the period. Finally, Gamco Investors INC. ET AL boosted its stake in L.B. Foster by 2.0% during the 2nd quarter. Gamco Investors INC. ET AL now owns 950,272 shares of the basic materials company's stock worth $20,782,000 after purchasing an additional 18,272 shares during the period. Institutional investors and hedge funds own 80.63% of the company's stock.

L.B. Foster Company Profile

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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