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

L.B. Foster (NASDAQ:FSTR)’s stock price passed 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.

Analyst Upgrades and Downgrades

Several analysts have issued reports on FSTR shares. StockNews.com downgraded shares of L.B. Foster from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, April 10th. B. Riley increased their price objective on shares of L.B. Foster from $17.00 to $23.00 and gave the company a “neutral” rating in a research report on Wednesday, March 6th.

L.B. Foster Price Performance

The company has a debt-to-equity ratio of 0.39, a current ratio of 1.76 and a quick ratio of 0.99. The company’s 50-day simple moving average is $24.75 and its 200-day simple moving average is $22.23. The company has a market cap of $267.12 million, a price-to-earnings ratio of 187.32 and a beta of 0.78.

L.B. Foster (NASDAQ:FSTR) last released its quarterly earnings results on Tuesday, March 5th. The basic materials company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). L.B. Foster had a return on equity of 2.18% and a net margin of 0.27%. The company had revenue of $134.88 million for the quarter, compared to analyst estimates of $127.65 million. During the same period in the previous year, the business posted $0.03 EPS. On average, equities research analysts anticipate that L.B. Foster will post 1.07 EPS for the current year.

Institutional Trading of L.B. Foster

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) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 94,529 shares of the basic materials company’s stock, valued at approximately $1,788,000. EAM Investors LLC owned approximately 0.85% of L.B. Foster at the end of the most recent quarter. 80.63% of the stock is currently owned by hedge funds and other institutional investors.

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.