L.B. Foster (NASDAQ:FSTR) Stock Price Crosses Above 200 Day Moving Average of $11.49

L.B. Foster (NASDAQ:FSTR – Get Rating)’s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $11.49 and traded as high as $12.51. L.B. Foster shares last traded at $12.34, with a volume of 12,284 shares trading hands.

Wall Street Analyst Weigh In

FSTR has been the subject of several recent research reports. B. Riley dropped their target price on shares of L.B. Foster from $15.00 to $13.00 in a research report on Thursday, November 10th. StockNews.com initiated coverage on shares of L.B. Foster in a research report on Wednesday, October 26th. They set a “hold” rating for the company.

L.B. Foster Stock Performance

The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.25 and a current ratio of 2.06. The stock’s 50-day moving average is $10.18 and its 200 day moving average is $11.49. The firm has a market cap of $134.86 million, a P/E ratio of -61.70 and a beta of 0.96.

L.B. Foster (NASDAQ:FSTR – Get Rating) last released its quarterly earnings data on Tuesday, November 8th. The basic materials company reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.03. L.B. Foster had a negative net margin of 0.42% and a positive return on equity of 0.64%. The business had revenue of $130.02 million during the quarter, compared to analysts’ expectations of $127.43 million. On average, research analysts predict that L.B. Foster will post 0.13 earnings per share for the current year.

Institutional Trading of L.B. Foster

A hedge fund recently raised its stake in L.B. Foster stock. Rutabaga Capital Management LLC MA lifted its position in L.B. Foster (NASDAQ:FSTR – Get Rating) by 9.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 436,351 shares of the basic materials company’s stock after buying an additional 37,538 shares during the period. L.B. Foster comprises 3.7% of Rutabaga Capital Management LLC MA’s holdings, making the stock its 11th largest position. Rutabaga Capital Management LLC MA owned 3.99% of L.B. Foster worth $4,259,000 at the end of the most recent quarter. 68.30% of the stock is currently owned by hedge funds and other institutional investors.

About L.B. Foster

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L.B. Foster Co engages in providing products and services for the rail industry and solutions to support infrastructure projects. It operates through the following segments: Rail Technologies & Services, Precast and Steel Products & Measurement. The Rail Technologies & Services segment consists of manufacturing and distribution businesses that provide products and services for freight and passenger railroads and industrial companies.