L.B. Foster (NASDAQ:FSTR) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

L.B. Foster Company (NASDAQ:FSTR) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $22.91 and traded as high as $27.59. L.B. Foster shares last traded at $26.38, with a volume of 19,398 shares.

Analyst Ratings Changes

Several research firms recently commented on FSTR. Zacks Research upgraded L.B. Foster from a “strong sell” rating to a “hold” rating in a report on Monday, October 13th. Weiss Ratings reiterated a “hold (c)” rating on shares of L.B. Foster in a report on Wednesday, October 8th. Finally, Wall Street Zen raised L.B. Foster from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Three equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, L.B. Foster presently has a consensus rating of “Hold” and a consensus target price of $25.00.

L.B. Foster Stock Performance

The stock has a market cap of $279.63 million, a PE ratio of 7.95 and a beta of 0.96. The company has a quick ratio of 1.43, a current ratio of 2.53 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average price of $26.39 and a 200 day moving average price of $22.91.

L.B. Foster (NASDAQ:FSTR) last released its quarterly earnings results on Monday, August 11th. The basic materials company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.25). The firm had revenue of $143.56 million during the quarter, compared to the consensus estimate of $147.76 million. L.B. Foster had a net margin of 7.19% and a return on equity of 3.64%. L.B. Foster has set its FY 2025 guidance at EPS. As a group, research analysts forecast that L.B. Foster Company will post 1.16 earnings per share for the current year.

Institutional Investors Weigh In On L.B. Foster

Several institutional investors have recently added to or reduced their stakes in the business. State of Wyoming acquired a new stake in L.B. Foster in the second quarter worth about $122,000. Tower Research Capital LLC TRC lifted its holdings in shares of L.B. Foster by 189.5% during the second quarter. Tower Research Capital LLC TRC now owns 2,131 shares of the basic materials company’s stock worth $47,000 after purchasing an additional 1,395 shares during the period. Bridgeway Capital Management LLC lifted its holdings in shares of L.B. Foster by 161.7% during the second quarter. Bridgeway Capital Management LLC now owns 51,285 shares of the basic materials company’s stock worth $1,122,000 after purchasing an additional 31,685 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of L.B. Foster by 15.2% during the second quarter. Ameriprise Financial Inc. now owns 52,527 shares of the basic materials company’s stock worth $1,149,000 after purchasing an additional 6,920 shares during the period. Finally, Gamco Investors INC. ET AL lifted its holdings in shares of L.B. Foster by 2.0% during the second quarter. Gamco Investors INC. ET AL now owns 950,272 shares of the basic materials company’s stock worth $20,782,000 after purchasing an additional 18,272 shares during the period. Institutional investors and hedge funds own 80.63% of the company’s stock.

L.B. Foster Company Profile

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.