FreightCar America (NASDAQ:RAIL – Get Free Report) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a report issued on Tuesday.
FreightCar America Stock Performance
Shares of NASDAQ RAIL traded up $0.39 during midday trading on Tuesday, hitting $12.21. 97,942 shares of the company traded hands, compared to its average volume of 183,956. FreightCar America has a 12-month low of $2.70 and a 12-month high of $16.10. The firm has a market cap of $230.65 million, a P/E ratio of -2.88 and a beta of 1.96. The stock has a 50-day moving average price of $10.45 and a 200 day moving average price of $9.56.
Insider Activity
In other FreightCar America news, Director James R. Meyer purchased 23,400 shares of the firm’s stock in a transaction that occurred on Thursday, November 14th. The stock was bought at an average cost of $10.74 per share, for a total transaction of $251,316.00. Following the purchase, the director now directly owns 838,278 shares in the company, valued at $9,003,105.72. The trade was a 2.87 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 28.00% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On FreightCar America
FreightCar America Company Profile
FreightCar America, Inc, through its subsidiaries, engages in design, manufacture, and sale of railcars and railcar components for the transportation of bulk commodities and containerized freight products in the United States and Mexico. It operates in two segments, Manufacturing and Parts. The company offers a range of railcars, including open top hoppers, mill gondola cars, intermodal and non-intermodal flat cars, coal cars; bulk commodity cars covered hopper cars, coil steel cars, boxcars, woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars.
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