L.B. Foster (NASDAQ:FSTR) Shares Cross Above 200 Day Moving Average – What’s Next?

Posted by Andrew Walz on Dec 29th, 2024

L.B. Foster (NASDAQ:FSTR – Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.21 and traded as high as $27.06. L.B. Foster shares last traded at $26.72, with a volume of 21,608 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on FSTR shares. B. Riley boosted their price target on L.B. Foster from $21.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. StockNews.com upgraded 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 FSTR

L.B. Foster Stock Down 2.0 %

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 company has a market capitalization of $289.38 million, a price-to-earnings ratio of 6.87 and a beta of 0.96. The firm’s 50-day moving average price is $25.10 and its 200 day moving average price is $22.20.

Institutional Investors Weigh In On L.B. Foster

A hedge fund recently raised its stake in L.B. Foster stock. MetLife Investment Management LLC increased its holdings in shares of L.B. Foster (NASDAQ:FSTR – Free Report) by 129.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,329 shares of the basic materials company’s stock after buying an additional 3,003 shares during the quarter. 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 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.