Freightcar America (NASDAQ:RAIL) Share Price Passes Above 200-Day Moving Average – Should You Sell?

Shares of Freightcar America, Inc. (NASDAQ:RAIL) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $9.38 and traded as high as $11.08. Freightcar America shares last traded at $10.79, with a volume of 179,866 shares.

Analysts Set New Price Targets

RAIL has been the topic of several recent analyst reports. Zacks Research upgraded Freightcar America from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 7th. Wall Street Zen upgraded shares of Freightcar America from a “hold” rating to a “buy” rating in a report on Sunday, December 28th. Finally, Weiss Ratings downgraded shares of Freightcar America from a “hold (c-)” rating to a “sell (d+)” rating in a report on Saturday, October 25th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $9.00.

Freightcar America Stock Performance

The firm has a market cap of $205.87 million, a PE ratio of 4.09 and a beta of 1.67. The stock has a fifty day moving average price of $9.18 and a 200-day moving average price of $9.38.

Freightcar America (NASDAQ:RAIL) last posted its quarterly earnings results on Monday, November 10th. The transportation company reported $0.24 EPS for the quarter, beating the consensus estimate of $0.16 by $0.08. Freightcar America had a net margin of 17.40% and a negative return on equity of 17.35%. The firm had revenue of $160.51 million for the quarter, compared to analyst estimates of $157.25 million. As a group, equities analysts predict that Freightcar America, Inc. will post 0.09 earnings per share for the current fiscal year.

Institutional Trading of Freightcar America

Several large investors have recently added to or reduced their stakes in RAIL. Cubist Systematic Strategies LLC acquired a new position in shares of Freightcar America during the first quarter worth about $147,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Freightcar America during the 1st quarter valued at about $61,000. Goldman Sachs Group Inc. lifted its position in Freightcar America by 58.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 106,656 shares of the transportation company’s stock worth $590,000 after acquiring an additional 39,506 shares in the last quarter. Jane Street Group LLC boosted its holdings in Freightcar America by 13.1% in the 1st quarter. Jane Street Group LLC now owns 108,724 shares of the transportation company’s stock worth $601,000 after acquiring an additional 12,610 shares during the period. Finally, North Star Investment Management Corp. acquired a new stake in Freightcar America in the second quarter valued at approximately $1,498,000. 31.96% of the stock is currently owned by institutional investors and hedge funds.

About Freightcar America

FreightCar America, Inc is a designer and manufacturer of specialized railroad freight cars, offering a diverse range of products that include tank cars, open and covered hoppers, gondolas, boxcars and centerbeam lumber cars. The company supports both new car construction and the rebuilding of existing fleets, providing custom engineering solutions to meet customer specifications and industry regulations. FreightCar America also supplies aftermarket parts, maintenance services and component remanufacturing for its own fleet and for third-party car owners.

Headquartered in Chicago, Illinois, FreightCar America traces its origins to early 20th-century railcar builders and began trading as an independent, publicly-listed company on the NASDAQ under the ticker RAIL following a spin-off in 2010.