Shares of L.B. Foster (NASDAQ:FSTR - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.12 and traded as high as $28.97. L.B. Foster shares last traded at $28.55, with a volume of 31,383 shares.
Analysts Set New Price Targets
A number of research firms have recently weighed in on FSTR. 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 report on Wednesday, November 13th. 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.
Check Out Our Latest Research Report on L.B. Foster
L.B. Foster Price Performance
The stock has a 50 day moving average of $23.82 and a 200-day moving average of $22.12. 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 company has a market cap of $309.20 million, a PE ratio of 7.34 and a beta of 0.96.
Hedge Funds Weigh In On L.B. Foster
An institutional investor recently raised its position in L.B. Foster stock. MetLife Investment Management LLC raised its stake in shares of L.B. Foster (NASDAQ:FSTR - Free Report) by 129.1% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 5,329 shares of the basic materials company's stock after buying 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. Institutional investors and hedge funds 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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