L.B. Foster (NASDAQ:FSTR) Shares Cross Above Two Hundred Day Moving Average of $22.23

L.B. Foster (NASDAQ:FSTR) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.23 and traded as high as $24.90. L.B. Foster shares last traded at $24.35, with a volume of 43,327 shares changing hands.

Wall Street Analysts Forecast Growth

FSTR has been the topic of a number of recent analyst reports. StockNews.com cut shares of L.B. Foster from a “strong-buy” rating to a “buy” rating in a report on Wednesday, April 10th. B. Riley increased their price target 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.

L.B. Foster Stock Up 0.8 %

The company has a quick ratio of 0.99, a current ratio of 1.76 and a debt-to-equity ratio of 0.39. The company’s fifty day moving average is $24.75 and its 200-day moving average is $22.23. The company has a market cap of $267.12 million, a PE ratio of 187.32 and a beta of 0.78.

L.B. Foster (NASDAQ:FSTR) last issued 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 business had revenue of $134.88 million for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the business earned $0.03 EPS. On average, analysts predict 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 purchased a new position in shares of L.B. Foster (NASDAQ:FSTR) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 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. 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.