L.B. Foster (NASDAQ:FSTR - Get Free Report)'s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.21 and traded as high as $27.06. L.B. Foster shares last traded at $26.72, with a volume of 21,608 shares changing hands.
Wall Street Analysts Forecast Growth
Several research analysts have recently weighed in on the stock. StockNews.com raised shares of L.B. Foster from a "buy" rating to a "strong-buy" rating in a report on Friday, November 8th. B. Riley raised their price target on L.B. Foster from $21.00 to $25.00 and gave the company a "neutral" rating in a report on Wednesday, November 13th.
Check Out Our Latest Stock Report on FSTR
L.B. Foster Stock Down 2.0 %
The stock's fifty day moving average price is $25.10 and its 200 day moving average price is $22.22. The stock has a market cap of $289.38 million, a P/E ratio of 6.87 and a beta of 0.96. The company has a current ratio of 2.27, a quick ratio of 1.30 and a debt-to-equity ratio of 0.37.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in L.B. Foster stock. De Lisle Partners LLP grew its position in shares of L.B. Foster (NASDAQ:FSTR - Free Report) by 11.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,944 shares of the basic materials company's stock after purchasing an additional 5,000 shares during the quarter. De Lisle Partners LLP owned approximately 0.43% of L.B. Foster worth $961,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 80.63% of the company's stock.
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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