L.B. Foster (NASDAQ:FSTR) Shares Pass Above 200 Day Moving Average – Time to Sell?

Posted by ABMN Staff on Jan 7th, 2025

L.B. Foster (NASDAQ:FSTR – Get Free Report) shares crossed 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

A number of analysts have recently issued reports on the stock. B. Riley lifted their price objective on shares of L.B. Foster from $21.00 to $25.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. StockNews.com upgraded shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 8th.

Get Our Latest Stock Report on FSTR

L.B. Foster Trading Down 0.2 %

The company has a market cap of $297.28 million, a P/E ratio of 7.06 and a beta of 0.97. The company has a current ratio of 2.27, a quick ratio of 1.30 and a debt-to-equity ratio of 0.37. The business has a 50 day moving average price of $25.99 and a 200-day moving average price of $22.31.

Institutional Trading of L.B. Foster

A hedge fund recently raised its stake in L.B. Foster stock. MetLife Investment Management LLC boosted its position in L.B. Foster (NASDAQ:FSTR – Free Report) by 129.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 5,329 shares of the basic materials company’s stock after purchasing an additional 3,003 shares during the period. MetLife Investment Management LLC’s holdings in L.B. Foster were worth $109,000 as of its most recent filing with the SEC. 80.63% of the stock is owned by institutional investors.

L.B. Foster Company Profile

(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.