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

Shares of L.B. Foster Company (NASDAQ:FSTR - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $22.59 and traded as high as $24.57. L.B. Foster shares last traded at $24.20, with a volume of 18,077 shares.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on FSTR. Wall Street Zen upgraded L.B. Foster from a "hold" rating to a "buy" rating in a report on Friday, May 16th. B. Riley began coverage on L.B. Foster in a report on Thursday, March 27th. They issued a "neutral" rating and a $25.00 price target on the stock.

L.B. Foster Trading Down 2.0%

The company has a market capitalization of $255.55 million, a P/E ratio of 7.31 and a beta of 0.99. The business has a fifty day moving average price of $20.29 and a 200 day moving average price of $22.59. 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 issued its quarterly earnings results on Tuesday, May 6th. The basic materials company reported ($0.20) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.21). The firm had revenue of $97.79 million during 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, analysts expect that L.B. Foster Company will post 1.16 earnings per share for the current fiscal year.

Institutional Trading of L.B. Foster

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Hillsdale Investment Management Inc. acquired a new stake in shares of L.B. Foster in the fourth quarter valued at about $1,784,000. Lazard Asset Management LLC acquired a new stake in shares of L.B. Foster in the fourth quarter valued at about $349,000. Finally, BNP Paribas Financial Markets increased its position 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 valued at $171,000 after acquiring an additional 4,225 shares during the last quarter. 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.