Freightcar America, Inc. (RAIL) Director Sells $70,245.00 in Stock
Freightcar America, Inc. (NASDAQ:RAIL) Director S Carl Soderstrom, Jr. sold 4,500 shares of the company’s stock in a transaction on Monday, November 13th. The shares were sold at an average price of $15.61, for a total value of $70,245.00. Following the completion of the transaction, the director now owns 15,704 shares of the company’s stock, valued at $245,139.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Freightcar America, Inc. (NASDAQ:RAIL) traded up $0.24 during midday trading on Tuesday, hitting $15.50. The company had a trading volume of 171,100 shares, compared to its average volume of 136,308. Freightcar America, Inc. has a twelve month low of $12.07 and a twelve month high of $20.46.
Freightcar America (NASDAQ:RAIL) last issued its earnings results on Wednesday, November 1st. The transportation company reported ($0.73) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.63). The firm had revenue of $72.00 million during the quarter, compared to analyst estimates of $87.20 million. Freightcar America had a negative net margin of 2.44% and a negative return on equity of 2.56%. The business’s revenue for the quarter was down 36.6% compared to the same quarter last year. research analysts predict that Freightcar America, Inc. will post -0.98 EPS for the current fiscal year.
A number of brokerages recently commented on RAIL. Zacks Investment Research lowered Freightcar America from a “hold” rating to a “sell” rating in a research note on Wednesday, August 9th. Stifel Nicolaus restated a “hold” rating and issued a $15.00 target price on shares of Freightcar America in a research note on Thursday, September 21st. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The company has a consensus rating of “Hold” and an average target price of $16.25.
Freightcar America Company Profile
FreightCar America, Inc is a manufacturer of railcars and railcar components. The Company operates in the Manufacturing segment. The Company designs and manufactures a range of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars.
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