FreightCar America (NASDAQ:RAIL) Stock Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

FreightCar America, Inc. (NASDAQ:RAIL)’s stock price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $6.68 and traded as high as $12.88. FreightCar America shares last traded at $10.17, with a volume of 2,469,646 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com lowered FreightCar America from a “buy” rating to a “hold” rating in a research report on Friday, September 27th.

FreightCar America Stock Performance

The stock has a market capitalization of $191.91 million, a price-to-earnings ratio of -14.53 and a beta of 2.00. The business’s 50 day simple moving average is $11.68 and its 200-day simple moving average is $6.68.

FreightCar America (NASDAQ:RAIL) last issued its quarterly earnings data on Monday, August 12th. The transportation company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The business had revenue of $147.42 million during the quarter, compared to the consensus estimate of $127.09 million. FreightCar America had a negative return on equity of 28.11% and a negative net margin of 0.62%. During the same period in the previous year, the firm posted $0.02 earnings per share. As a group, sell-side analysts expect that FreightCar America, Inc. will post 0.19 EPS for the current year.

Insider Transactions at FreightCar America

In other news, Director William D. Gehl sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $10.83, for a total transaction of $108,300.00. Following the transaction, the director now directly owns 147,608 shares in the company, valued at $1,598,594.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director William D. Gehl sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $10.83, for a total value of $108,300.00. Following the sale, the director now owns 147,608 shares in the company, valued at approximately $1,598,594.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Nigris Felan Jose De bought 4,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were purchased at an average cost of $10.19 per share, for a total transaction of $40,760.00. Following the completion of the transaction, the director now owns 73,147 shares of the company’s stock, valued at $745,367.93. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 28.00% of the stock is owned by insiders.

Hedge Funds Weigh In On FreightCar America

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in FreightCar America by 4.7% in the first quarter. Vanguard Group Inc. now owns 584,292 shares of the transportation company’s stock valued at $2,250,000 after buying an additional 26,412 shares in the last quarter. Renaissance Technologies LLC boosted its stake in FreightCar America by 43.4% in the second quarter. Renaissance Technologies LLC now owns 116,887 shares of the transportation company’s stock worth $408,000 after purchasing an additional 35,387 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of FreightCar America in the third quarter valued at $1,067,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of FreightCar America by 24.4% in the second quarter. Dimensional Fund Advisors LP now owns 29,932 shares of the transportation company’s stock valued at $104,000 after buying an additional 5,880 shares in the last quarter. Institutional investors own 31.96% of the company’s stock.

About FreightCar America

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.