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

L.B. Foster (NASDAQ:FSTR)’s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $22.12 and traded as high as $28.97. L.B. Foster shares last traded at $28.55, with a volume of 31,383 shares trading hands.

Wall Street Analyst Weigh In

Several brokerages have commented on FSTR. B. Riley boosted their price objective on shares of L.B. Foster from $21.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th. StockNews.com raised L.B. Foster from a “buy” rating to a “strong-buy” rating in a report on Friday, November 8th.

L.B. Foster Trading Down 1.4 %

The company has a market capitalization of $309.20 million, a price-to-earnings ratio of 7.34 and a beta of 0.96. 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’s 50 day moving average price is $23.82 and its two-hundred day moving average price is $22.12.

Institutional Trading of L.B. Foster

An institutional investor recently raised its position in L.B. Foster stock. MetLife Investment Management LLC grew its position in L.B. Foster (NASDAQ:FSTR) by 129.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 5,329 shares of the basic materials company’s stock after acquiring 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 hedge funds and other institutional investors.

About L.B. Foster

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.