FreightCar America (NASDAQ:RAIL) Stock Price Crosses Above Two Hundred Day Moving Average of $2.87

FreightCar America, Inc. (NASDAQ:RAIL) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.87 and traded as high as $3.67. FreightCar America shares last traded at $3.58, with a volume of 14,732 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on shares of FreightCar America in a research report on Thursday, March 21st. They set a “hold” rating for the company.

FreightCar America Stock Down 0.3 %

The firm’s 50-day simple moving average is $3.43 and its 200-day simple moving average is $2.87. The firm has a market capitalization of $65.66 million, a PE ratio of -3.01 and a beta of 1.94.

FreightCar America (NASDAQ:RAIL) last posted its earnings results on Monday, March 18th. The transportation company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.08). The firm had revenue of $126.60 million for the quarter. On average, equities research analysts forecast that FreightCar America, Inc. will post 0.2 earnings per share for the current year.

FreightCar America Company Profile

FreightCar America, Inc, through its subsidiaries, engages in design, manufacture, and sale of railcars and railcar components for the transportation of bulk commodities and containerized freight products in the United States and Mexico. It operates in two segments, Manufacturing and Parts. The company offers a range of railcars, including open top hoppers, mill gondola cars, intermodal and non-intermodal flat cars, coal cars; bulk commodity cars covered hopper cars, coil steel cars, boxcars, woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars.