BNP Paribas Financial Markets Sells 7,146 Shares of L.B. Foster (NASDAQ:FSTR)

BNP Paribas Financial Markets decreased its position in L.B. Foster (NASDAQ:FSTR) by 76.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,143 shares of the basic materials company’s stock after selling 7,146 shares during the quarter. BNP Paribas Financial Markets’ holdings in L.B. Foster were worth $44,000 as of its most recent SEC filing.

L.B. Foster Stock Up 0.8 %

Shares of FSTR stock opened at $26.89 on Friday. L.B. Foster has a 12 month low of $14.23 and a 12 month high of $30.77. The company has a quick ratio of 1.30, a current ratio of 2.27 and a debt-to-equity ratio of 0.37. The firm has a market cap of $291.22 million, a PE ratio of 6.91 and a beta of 0.96. The stock has a 50 day moving average of $24.13 and a 200-day moving average of $22.16.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. 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. B. Riley raised their price target on L.B. Foster from $21.00 to $25.00 and gave the company a “neutral” rating in a research report on Wednesday, November 13th.

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.