L.B. Foster (NASDAQ:FSTR - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.47 and traded as high as $26.23. L.B. Foster shares last traded at $26.15, with a volume of 24,215 shares changing hands.
Analyst Upgrades and Downgrades
Several equities analysts recently issued reports on FSTR shares. B. Riley raised their price objective on L.B. Foster from $21.00 to $25.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th. StockNews.com upgraded L.B. Foster from a "buy" rating to a "strong-buy" rating in a research note on Friday, November 8th.
View Our Latest Stock Report on L.B. Foster
L.B. Foster Stock Up 4.8 %
The firm has a market cap of $296.74 million, a price-to-earnings ratio of 7.04 and a beta of 0.97. The firm's fifty day moving average is $26.79 and its two-hundred day moving average is $22.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.27 and a quick ratio of 1.30.
Institutional Inflows and Outflows
A hedge fund recently raised its stake in L.B. Foster stock. De Lisle Partners LLP grew its stake in shares of L.B. Foster (NASDAQ:FSTR - Free Report) by 11.9% in the third quarter, according to its most recent filing with the SEC. The fund owned 46,944 shares of the basic materials company's stock after acquiring an additional 5,000 shares during the period. De Lisle Partners LLP owned about 0.43% of L.B. Foster worth $961,000 at the end of the most recent reporting period. 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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