L.B. Foster (NASDAQ:FSTR - Get Free Report) saw a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 129,300 shares, a growth of 18.5% from the December 15th total of 109,100 shares. Currently, 1.3% of the shares of the stock are sold short. Based on an average trading volume of 39,100 shares, the days-to-cover ratio is presently 3.3 days.
Institutional Trading of L.B. Foster
A hedge fund recently raised its stake in L.B. Foster stock. MetLife Investment Management LLC boosted its stake in L.B. Foster (NASDAQ:FSTR - Free Report) by 129.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,329 shares of the basic materials company's stock after acquiring 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 reporting period. Institutional investors and hedge funds own 80.63% of the company's stock.
Analyst Ratings Changes
FSTR has been the subject of a number of analyst reports. StockNews.com upgraded shares of L.B. Foster from a "buy" rating to a "strong-buy" rating in a research report on Friday, November 8th. B. Riley lifted their price target 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.
Get Our Latest Stock Analysis on FSTR
L.B. Foster Trading Up 1.6 %
Shares of NASDAQ FSTR traded up $0.43 during mid-day trading on Friday, hitting $27.82. The stock had a trading volume of 18,800 shares, compared to its average volume of 25,800. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.27. L.B. Foster has a 1 year low of $14.23 and a 1 year high of $30.77. The business has a 50 day moving average price of $27.17 and a two-hundred day moving average price of $22.63. The firm has a market cap of $301.29 million, a P/E ratio of 7.15 and a beta of 0.97.
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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