FreightCar America, Inc. (NASDAQ:RAIL - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.68 and traded as high as $12.88. FreightCar America shares last traded at $10.17, with a volume of 2,469,646 shares changing hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com lowered shares of FreightCar America from a "buy" rating to a "hold" rating in a report on Friday, September 27th.
View Our Latest Report on FreightCar America
FreightCar America Stock Down 3.0 %
The firm has a 50 day simple moving average of $11.68 and a two-hundred day simple moving average of $6.68.
FreightCar America (NASDAQ:RAIL - Get Free Report) last announced its quarterly earnings results on Monday, August 12th. The transportation company reported $0.05 earnings per share for the quarter, meeting analysts' consensus estimates of $0.05. The business had revenue of $147.42 million for the quarter, compared to the consensus estimate of $127.09 million. FreightCar America had a negative net margin of 20.66% and a negative return on equity of 41.24%. During the same period last year, the company posted $0.02 EPS. Equities research analysts expect that FreightCar America, Inc. will post 0.19 EPS for the current fiscal year.
Insiders Place Their Bets
In other news, Director Nigris Felan Jose De purchased 4,000 shares of the firm's stock in a transaction dated Friday, September 27th. The stock was bought at an average price of $10.19 per share, with a total value of $40,760.00. Following the acquisition, the director now directly owns 73,147 shares of the company's stock, valued at approximately $745,367.93. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Nigris Felan Jose De bought 4,000 shares of the company's stock in a transaction on Friday, September 27th. The shares were purchased at an average cost of $10.19 per share, for a total transaction 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 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William D. Gehl sold 10,000 shares of the firm's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $10.83, for a total transaction of $108,300.00. Following the sale, the director now owns 147,608 shares in the company, valued at approximately $1,598,594.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 28.00% of the company's stock.
Institutional Trading of FreightCar America
A number of institutional investors have recently made changes to their positions in RAIL. Vanguard Group Inc. grew its position in FreightCar America by 4.7% in the first quarter. Vanguard Group Inc. now owns 584,292 shares of the transportation company's stock valued at $2,250,000 after purchasing an additional 26,412 shares in the last quarter. Renaissance Technologies LLC grew 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 valued at $408,000 after acquiring an additional 35,387 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in shares of FreightCar America in the 3rd quarter valued at about $1,067,000. Dimensional Fund Advisors LP increased its position in shares of FreightCar America by 24.4% in the second quarter. Dimensional Fund Advisors LP now owns 29,932 shares of the transportation company's stock valued at $104,000 after acquiring an additional 5,880 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in FreightCar America during the third quarter worth about $49,000. Institutional investors own 31.96% of the company's stock.
About FreightCar America
(
Get Free Report)
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.
Further Reading
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