FreightCar America (NASDAQ:RAIL) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

FreightCar America, Inc. (NASDAQ:RAIL - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.74 and traded as high as $10.67. FreightCar America shares last traded at $10.29, with a volume of 264,374 shares.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded FreightCar America from a "hold" rating to a "buy" rating in a report on Wednesday, November 13th.

FreightCar America Price Performance

The company's 50-day moving average price is $11.60 and its two-hundred day moving average price is $7.74. The company has a market capitalization of $180.63 million, a price-to-earnings ratio of -2.25 and a beta of 1.94.

Insider Buying and Selling

In related news, Director James R. Meyer acquired 23,400 shares of the business's stock in a transaction dated Thursday, November 14th. The shares were bought at an average price of $10.74 per share, with a total value of $251,316.00. Following the transaction, the director now directly owns 838,278 shares of the company's stock, valued at $9,003,105.72. This trade represents a 2.87 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Nigris Felan Jose De acquired 4,000 shares of the firm's stock in a transaction dated Friday, September 27th. The shares were purchased at an average price of $10.19 per share, with a total value of $40,760.00. Following the acquisition, the director now owns 73,147 shares of the company's stock, valued at approximately $745,367.93. This represents a 5.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 28.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On FreightCar America

Institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its stake in FreightCar America by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 584,292 shares of the transportation company's stock valued at $2,250,000 after acquiring an additional 26,412 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in FreightCar America by 24.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,932 shares of the transportation company's stock valued at $104,000 after purchasing an additional 5,880 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of FreightCar America by 43.4% in the 2nd quarter. Renaissance Technologies LLC now owns 116,887 shares of the transportation company's stock worth $408,000 after buying an additional 35,387 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new position in FreightCar America during the third quarter valued at about $1,067,000. Finally, Quantbot Technologies LP purchased a new stake in FreightCar America during the third quarter worth about $49,000. Institutional investors and hedge funds own 31.96% of the company's stock.

FreightCar America Company Profile

FreightCar America, Inc, through its subsidiaries, engages in design, manufacture, and sale of railcars and railcar components for the transportation of bulk commodities and containerized freight products in the United States and Mexico. It operates in two segments, Manufacturing and Parts. The company offers a range of railcars, including open top hoppers, mill gondola cars, intermodal and non-intermodal flat cars, coal cars; bulk commodity cars covered hopper cars, coil steel cars, boxcars, woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars.