L.B. Foster (NASDAQ:FSTR - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.90 and traded as high as $28.51. L.B. Foster shares last traded at $27.01, with a volume of 47,743 shares changing hands.
Wall Street Analysts Forecast Growth
Several research firms have commented on FSTR. 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. B. Riley raised their price objective on shares of L.B. Foster from $21.00 to $25.00 and gave the stock a "neutral" rating in a research note on Wednesday, November 13th.
Read Our Latest Report on FSTR
L.B. Foster Stock Performance
The firm has a market capitalization of $301.88 million, a P/E ratio of 7.17 and a beta of 0.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.27 and a quick ratio of 1.30. The firm has a 50-day moving average price of $27.65 and a two-hundred day moving average price of $23.01.
L.B. Foster (NASDAQ:FSTR - Get Free Report) last issued its earnings results on Thursday, November 7th. The basic materials company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.49 by $0.05. The business had revenue of $137.47 million for the quarter, compared to analyst estimates 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 last year, the company posted $0.05 earnings per share. On average, analysts forecast that L.B. Foster will post 1.17 EPS for the current fiscal year.
Institutional Trading of L.B. Foster
An institutional investor recently raised its position in L.B. Foster stock. MetLife Investment Management LLC lifted its holdings in L.B. Foster (NASDAQ:FSTR - Free Report) by 129.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 5,329 shares of the basic materials company's stock after purchasing 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 quarter. 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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