Shares of L.B. Foster Company (NASDAQ:FSTR - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-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 traded.
Analyst Ratings Changes
A number of equities analysts have commented on FSTR shares. Wall Street Zen raised 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 set a "neutral" rating and a $25.00 price objective for the company.
View Our Latest Research Report on FSTR
L.B. Foster Stock Down 2.0%
The company has a quick ratio of 1.29, a current ratio of 2.57 and a debt-to-equity ratio of 0.48. The company has a market cap of $246.58 million, a price-to-earnings ratio of 7.05 and a beta of 0.99. The stock has a fifty day moving average price of $20.29 and a two-hundred day moving average price of $22.52.
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) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.21). The company had revenue of $97.79 million during the quarter, compared to analyst estimates of $114.40 million. L.B. Foster had a net margin of 7.22% and a return on equity of 3.76%. As a group, sell-side analysts expect that L.B. Foster Company will post 1.16 EPS for the current year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of FSTR. BNP Paribas Financial Markets grew its position in 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. Lazard Asset Management LLC bought a new position in L.B. Foster in the fourth quarter valued at about $349,000. Finally, Hillsdale Investment Management Inc. bought a new position in L.B. Foster in the fourth quarter valued at about $1,784,000. Institutional investors own 80.63% of the company's stock.
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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