L.B. Foster (NASDAQ:FSTR) Shares Pass Above 200-Day Moving Average – What’s Next?

L.B. Foster Company (NASDAQ:FSTR) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $22.71 and traded as high as $24.61. L.B. Foster shares last traded at $24.30, with a volume of 24,364 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on FSTR shares. B. Riley started coverage on L.B. Foster in a research note on Thursday, March 27th. They issued a “neutral” rating and a $25.00 price objective for the company. Wall Street Zen raised L.B. Foster from a “hold” rating to a “buy” rating in a report on Friday, May 16th.

L.B. Foster Stock Performance

The stock has a fifty day moving average price of $19.81 and a 200-day moving average price of $22.71. The firm has a market cap of $256.56 million, a price-to-earnings ratio of 7.34 and a beta of 0.99. The company has a quick ratio of 1.29, a current ratio of 2.57 and a debt-to-equity ratio of 0.48.

L.B. Foster (NASDAQ:FSTR) last posted its earnings results on Tuesday, May 6th. The basic materials company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.21). The firm had revenue of $97.79 million for the quarter, compared to analysts’ expectations of $114.40 million. L.B. Foster had a return on equity of 3.76% and a net margin of 7.22%. On average, analysts expect that L.B. Foster Company will post 1.16 earnings per share for the current fiscal year.

Institutional Trading of L.B. Foster

Hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets lifted its stake in shares of L.B. Foster by 197.2% in the 4th quarter. BNP Paribas Financial Markets now owns 6,368 shares of the basic materials company’s stock valued at $171,000 after purchasing an additional 4,225 shares in the last quarter. Lazard Asset Management LLC acquired a new position in shares of L.B. Foster in the 4th quarter valued at about $349,000. Finally, Hillsdale Investment Management Inc. acquired a new position in shares of L.B. Foster in the 4th quarter valued at about $1,784,000. 80.63% of the stock is owned by institutional investors and hedge funds.

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.