L.B. Foster (NASDAQ:FSTR - Get Free Report)'s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.31 and traded as high as $28.08. L.B. Foster shares last traded at $27.45, with a volume of 39,940 shares.
Wall Street Analysts Forecast Growth
FSTR has been the subject of several recent research reports. B. Riley lifted their price objective on L.B. Foster from $21.00 to $25.00 and gave the stock a "neutral" rating in a report on Wednesday, November 13th. StockNews.com upgraded L.B. Foster from a "buy" rating to a "strong-buy" rating in a research report on Friday, November 8th.
Read Our Latest Research Report on L.B. Foster
L.B. Foster Stock Performance
The firm has a market cap of $286.56 million, a PE ratio of 6.80 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 company has a 50 day simple moving average of $26.13 and a 200-day simple moving average of $22.34.
Institutional Trading of L.B. Foster
A hedge fund recently raised its stake in L.B. Foster stock. De Lisle Partners LLP grew its holdings in shares of L.B. Foster (NASDAQ:FSTR - Free Report) by 11.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,944 shares of the basic materials company's stock after buying an additional 5,000 shares during the period. De Lisle Partners LLP owned 0.43% of L.B. Foster worth $961,000 as of its most recent SEC filing. 80.63% of the stock is currently 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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