FreightCar America, Inc. (NASDAQ:RAIL – Get Rating) CEO James R. Meyer purchased 25,000 shares of the firm’s stock in a transaction dated Wednesday, May 11th. The stock was acquired at an average cost of $3.64 per share, for a total transaction of $91,000.00. Following the completion of the purchase, the chief executive officer now owns 433,101 shares of the company’s stock, valued at approximately $1,576,487.64. The acquisition was disclosed in a filing with the SEC, which is available at this link.
Shares of FreightCar America stock opened at $3.91 on Friday. FreightCar America, Inc. has a 52-week low of $3.06 and a 52-week high of $7.69. The company has a 50 day moving average of $5.15 and a 200 day moving average of $4.37.
FreightCar America (NASDAQ:RAIL – Get Rating) last issued its quarterly earnings data on Tuesday, May 10th. The transportation company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.14). FreightCar America had a negative return on equity of 3,048.14% and a negative net margin of 10.05%. During the same quarter in the previous year, the company posted ($0.48) EPS. On average, equities research analysts anticipate that FreightCar America, Inc. will post -0.18 EPS for the current fiscal year.
Several equities research analysts recently issued reports on the stock. StockNews.com cut shares of FreightCar America from a “hold” rating to a “sell” rating in a research report on Friday. Zacks Investment Research cut shares of FreightCar America from a “buy” rating to a “hold” rating in a research report on Saturday, March 19th.
FreightCar America Company Profile (Get Rating)
FreightCar America, Inc, through its subsidiaries, designs, manufactures, and sells railcars and railcar components for the transportation of bulk commodities and containerized freight products primarily in North America. It operates in two segments, Manufacturing and Parts. The company offers a range of freight cars, including open top hoppers; covered hopper cars; gondolas; triple hoppers and hybrid aluminum/stainless steel railcars; ore hopper and gondola railcars; ballast hopper cars; aggregate hopper cars; intermodal flats; and non-intermodal flat cars.
- Get a free copy of the StockNews.com research report on FreightCar America (RAIL)
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