Shares of 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 $23.25 and traded as high as $28.70. L.B. Foster shares last traded at $28.48, with a volume of 50,479 shares trading hands.
Wall Street Analysts Forecast Growth
A number of brokerages have recently issued reports on FSTR. StockNews.com raised shares of L.B. Foster from a "buy" rating to a "strong-buy" rating in a research report on Friday, November 8th. B. Riley boosted their price objective on shares of L.B. Foster from $21.00 to $25.00 and gave the company a "neutral" rating in a research report on Wednesday, November 13th.
Get Our Latest Stock Analysis on L.B. Foster
L.B. Foster Price Performance
The company has a market cap of $297.83 million, a P/E ratio of 7.07 and a beta of 0.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.27. The firm's fifty day moving average is $27.49 and its two-hundred day moving average is $23.38.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. MetLife Investment Management LLC lifted its stake in L.B. Foster by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 5,329 shares of the basic materials company's stock worth $109,000 after purchasing an additional 3,003 shares in the last quarter. De Lisle Partners LLP raised its position in L.B. Foster by 11.9% in the 3rd quarter. De Lisle Partners LLP now owns 46,944 shares of the basic materials company's stock worth $961,000 after purchasing an additional 5,000 shares during the period. Finally, Hillsdale Investment Management Inc. purchased a new stake in L.B. Foster in the 4th quarter worth about $1,784,000. 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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