L.B. Foster (NASDAQ:FSTR) Share Price Passes Above 200 Day Moving Average – Time to Sell?

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 $22.47 and traded as high as $26.23. L.B. Foster shares last traded at $26.15, with a volume of 24,215 shares.

Analyst Ratings Changes

FSTR has been the subject of a number of analyst reports. B. Riley increased 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 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 Stock Up 2.5 %

The company has a debt-to-equity ratio of 0.37, a current ratio of 2.27 and a quick ratio of 1.30. The stock has a market capitalization of $283.20 million, a price-to-earnings ratio of 6.72 and a beta of 0.97. The business has a fifty day moving average of $26.66 and a 200 day moving average of $22.47.

Hedge Funds 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) by 129.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,329 shares of the basic materials company’s stock after buying an additional 3,003 shares during the period. MetLife Investment Management LLC’s holdings in L.B. Foster were worth $109,000 at the end of the most recent quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.

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.