Freightcar America (NASDAQ:RAIL) Share Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Freightcar America, Inc. (NASDAQ:RAIL) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $9.58 and traded as high as $12.25. Freightcar America shares last traded at $11.94, with a volume of 133,717 shares trading hands.

Analyst Ratings Changes

Several equities analysts have commented on RAIL shares. Weiss Ratings reissued a “sell (d+)” rating on shares of Freightcar America in a research note on Thursday, January 22nd. Zacks Research upgraded shares of Freightcar America from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Finally, Wall Street Zen raised Freightcar America from a “hold” rating to a “buy” rating in a report on Sunday, December 28th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $9.00.

Freightcar America Trading Up 3.7%

The business’s fifty day moving average is $10.34 and its 200 day moving average is $9.58. The firm has a market capitalization of $227.82 million, a P/E ratio of 4.52 and a beta of 1.77.

Freightcar America (NASDAQ:RAIL) last issued its earnings results on Monday, November 10th. The transportation company reported $0.24 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $157.25 million. As a group, sell-side analysts predict that Freightcar America, Inc. will post 0.09 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Freightcar America

A number of institutional investors have recently bought and sold shares of the stock. Oppenheimer Asset Management Inc. acquired a new position in shares of Freightcar America in the fourth quarter worth about $214,000. Ritholtz Wealth Management boosted its stake in Freightcar America by 53.2% in the 4th quarter. Ritholtz Wealth Management now owns 24,334 shares of the transportation company’s stock worth $269,000 after purchasing an additional 8,454 shares during the period. Sender Co & Partners Inc. acquired a new position in Freightcar America in the 3rd quarter worth approximately $127,000. PharVision Advisers LLC purchased a new position in Freightcar America during the 3rd quarter worth approximately $288,000. Finally, Quarry LP acquired a new stake in Freightcar America during the 3rd quarter valued at $53,000. Hedge funds and other institutional investors own 31.96% of the company’s stock.

Freightcar America Company Profile

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.