L.B. Foster (NASDAQ:FSTR) was downgraded by research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report issued on Friday.

L.B. Foster (FSTR) opened at $25.65 on Friday. The stock has a market capitalization of $264.72, a P/E ratio of -7.13 and a beta of 2.32. The company has a quick ratio of 1.15, a current ratio of 2.10 and a debt-to-equity ratio of 0.89. L.B. Foster has a twelve month low of $11.80 and a twelve month high of $27.50.

L.B. Foster (NASDAQ:FSTR) last released its earnings results on Tuesday, November 7th. The basic materials company reported $0.31 earnings per share (EPS) for the quarter. The business had revenue of $131.49 million for the quarter. L.B. Foster had a negative return on equity of 27.11% and a negative net margin of 7.38%.

Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its holdings in L.B. Foster by 21.5% during the second quarter. Royal Bank of Canada now owns 4,886 shares of the basic materials company’s stock worth $105,000 after acquiring an additional 864 shares during the period. SG Americas Securities LLC acquired a new position in L.B. Foster during the second quarter worth $128,000. The Manufacturers Life Insurance Company grew its holdings in L.B. Foster by 2,990.1% during the second quarter. The Manufacturers Life Insurance Company now owns 8,467 shares of the basic materials company’s stock worth $181,000 after acquiring an additional 8,193 shares during the period. New York State Common Retirement Fund acquired a new position in L.B. Foster during the second quarter worth $191,000. Finally, Virtu KCG Holdings LLC acquired a new position in L.B. Foster during the second quarter worth $202,000. 71.51% of the stock is currently owned by hedge funds and other institutional investors.

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L.B. Foster Company Profile

L.B. Foster Company is a manufacturer, fabricator and distributor of products and services for the rail, construction, energy and utility markets. The Company’s segments include Rail Products and Services, Construction Products, and Tubular and Energy Services. Its Rail Products segment provides a range of new and used rail, trackwork and accessories to railroads, mines and industry.

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