L.B. Foster (NASDAQ:FSTR) Shares Pass Above Two Hundred Day Moving Average of $23.86

L.B. Foster (NASDAQ:FSTRGet Free Report)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $23.86 and traded as high as $26.39. L.B. Foster shares last traded at $26.00, with a volume of 44,945 shares.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 30th. B. Riley upped their target price on shares of L.B. Foster from $23.00 to $27.00 and gave the stock a “neutral” rating in a report on Friday, May 10th.

Get Our Latest Report on FSTR

L.B. Foster Stock Performance

The firm’s 50-day moving average price is $26.49 and its two-hundred day moving average price is $23.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.15 and a current ratio of 2.17. The stock has a market cap of $287.59 million, a price-to-earnings ratio of 35.95 and a beta of 0.92.

L.B. Foster (NASDAQ:FSTRGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The basic materials company reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.24. The firm had revenue of $124.32 million for the quarter, compared to analysts’ expectations of $110.34 million. L.B. Foster had a net margin of 1.46% and a return on equity of 3.19%. On average, analysts expect that L.B. Foster will post 1.4 EPS for the current fiscal year.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in L.B. Foster stock. EAM Investors LLC bought a new stake in L.B. Foster (NASDAQ:FSTRFree Report) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 94,529 shares of the basic materials company’s stock, valued at approximately $1,788,000. EAM Investors LLC owned about 0.85% of L.B. Foster at the end of the most recent reporting period. Hedge funds and other institutional investors own 80.63% of the company’s stock.

L.B. Foster Company Profile

(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.

Further Reading

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