L.B. Foster (NASDAQ:FSTR - Get Free Report) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 129,300 shares, a growth of 18.5% from the December 31st total of 109,100 shares. Based on an average daily volume of 39,100 shares, the short-interest ratio is currently 3.3 days. Approximately 1.3% of the shares of the stock are sold short.
L.B. Foster Price Performance
NASDAQ:FSTR traded up $0.71 during trading hours on Wednesday, reaching $28.46. 22,350 shares of the company traded hands, compared to its average volume of 33,203. The stock has a market cap of $308.19 million, a P/E ratio of 7.32 and a beta of 0.96. The firm's 50-day moving average is $27.62 and its 200-day moving average is $23.11. L.B. Foster has a 1-year low of $14.23 and a 1-year high of $30.77. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.27 and a quick ratio of 1.30.
L.B. Foster (NASDAQ:FSTR - Get Free Report) last released its earnings results on Thursday, November 7th. The basic materials company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.49 by $0.05. The firm had revenue of $137.47 million during the quarter, compared to analysts' expectations of $144.56 million. L.B. Foster had a net margin of 7.96% and a return on equity of 6.01%. During the same period in the previous year, the company earned $0.05 EPS. Equities research analysts expect that L.B. Foster will post 1.17 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of analysts have commented on the company. B. Riley boosted their target price on L.B. Foster from $21.00 to $25.00 and gave the stock 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.
View Our Latest Analysis on L.B. Foster
Hedge Funds Weigh In On L.B. Foster
A hedge fund recently raised its stake in L.B. Foster stock. MetLife Investment Management LLC boosted its holdings in L.B. Foster (NASDAQ:FSTR - Free Report) by 129.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 5,329 shares of the basic materials company's stock after buying an additional 3,003 shares during the period. MetLife Investment Management LLC's holdings in L.B. Foster were worth $109,000 at the end of the most recent reporting period. 80.63% of the stock is owned by institutional investors.
About L.B. Foster
(
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.
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