L.B. Foster (NASDAQ:FSTR) Share Price Passes Above 200-Day Moving Average – What’s Next?

L.B. Foster (NASDAQ:FSTR)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $23.41 and traded as high as $28.40. L.B. Foster shares last traded at $28.19, with a volume of 26,335 shares changing hands.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. B. Riley lifted their target price on shares of 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 raised shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 8th.

L.B. Foster Price Performance

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 firm has a market cap of $305.30 million, a P/E ratio of 7.25 and a beta of 0.96. The company has a 50-day moving average of $27.46 and a 200 day moving average of $23.41.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FSTR. Lazard Asset Management LLC acquired a new stake in L.B. Foster in the 4th quarter valued at about $349,000. BNP Paribas Financial Markets increased its holdings in shares of L.B. Foster by 197.2% in the fourth quarter. BNP Paribas Financial Markets now owns 6,368 shares of the basic materials company’s stock valued at $171,000 after purchasing an additional 4,225 shares in the last quarter. Hillsdale Investment Management Inc. bought a new position in L.B. Foster in the 4th quarter worth approximately $1,784,000. De Lisle Partners LLP lifted its holdings in L.B. Foster by 11.9% during the 3rd quarter. De Lisle Partners LLP now owns 46,944 shares of the basic materials company’s stock worth $961,000 after buying an additional 5,000 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in L.B. Foster by 129.1% in the 3rd quarter. MetLife Investment Management LLC now owns 5,329 shares of the basic materials company’s stock valued at $109,000 after buying an additional 3,003 shares during the last quarter. 80.63% of the stock is owned by institutional investors.

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.