L.B. Foster (NASDAQ:FSTR) Share Price Passes Above 200 Day Moving Average – Here’s Why

Posted by Defense World Staff on Dec 28th, 2024

L.B. Foster (NASDAQ:FSTR – Get Free Report)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.21 and traded as high as $27.06. L.B. Foster shares last traded at $26.72, with a volume of 21,608 shares.

Analyst Ratings Changes

FSTR has been the topic of a number of analyst reports. B. Riley boosted their price objective on shares of L.B. Foster from $21.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. StockNews.com raised shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 8th.

Check Out Our Latest Analysis on FSTR

L.B. Foster Stock Performance

The company has a quick ratio of 1.30, a current ratio of 2.27 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $289.38 million, a price-to-earnings ratio of 6.87 and a beta of 0.96. The business has a 50-day moving average price of $24.97 and a 200-day moving average price of $22.21.

Institutional Investors Weigh In On L.B. Foster

A hedge fund recently raised its stake in L.B. Foster stock. De Lisle Partners LLP grew its holdings in L.B. Foster (NASDAQ:FSTR – Free Report) by 11.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,944 shares of the basic materials company’s stock after acquiring an additional 5,000 shares during the period. De Lisle Partners LLP owned about 0.43% of L.B. Foster worth $961,000 at the end of the most recent quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

L.B. Foster Company Profile

(Get Free Report)

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.