L.B. Foster (NASDAQ:FSTR) Stock Price Crosses Above Two Hundred Day Moving Average of $22.44

Shares of L.B. Foster (NASDAQ:FSTR) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.44 and traded as high as $24.20. L.B. Foster shares last traded at $23.25, with a volume of 43,861 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on FSTR. B. Riley boosted their target price on shares of L.B. Foster from $17.00 to $23.00 and gave the company a “neutral” rating in a report on Wednesday, March 6th. StockNews.com cut shares of L.B. Foster from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 10th.

L.B. Foster Trading Down 4.0 %

The stock has a market cap of $255.05 million, a P/E ratio of 178.86 and a beta of 0.78. The firm’s fifty day moving average price is $24.79 and its two-hundred day moving average price is $22.44. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 0.99.

L.B. Foster (NASDAQ:FSTR) last released its quarterly earnings results on Tuesday, March 5th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The firm had revenue of $134.88 million during the quarter, compared to the consensus estimate of $127.65 million. L.B. Foster had a return on equity of 2.18% and a net margin of 0.27%. During the same period in the previous year, the company posted $0.03 EPS. As a group, equities research analysts forecast that L.B. Foster will post 1.07 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in L.B. Foster stock. EAM Investors LLC bought a new position in L.B. Foster (NASDAQ:FSTR) in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 94,529 shares of the basic materials company’s stock, valued at approximately $1,788,000. EAM Investors LLC owned approximately 0.85% of L.B. Foster as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors 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.