FreightCar America (NASDAQ:RAIL) Shares Cross Above 200-Day Moving Average of $3.24

FreightCar America, Inc. (NASDAQ:RAIL) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.24 and traded as high as $3.76. FreightCar America shares last traded at $3.74, with a volume of 32,314 shares traded.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on shares of FreightCar America in a report on Thursday, March 21st. They issued a “hold” rating for the company.

FreightCar America Stock Performance

The firm has a market cap of $69.98 million, a price-to-earnings ratio of -2.43 and a beta of 1.94. The business has a fifty day moving average of $3.66 and a two-hundred day moving average of $3.24.

FreightCar America (NASDAQ:RAIL) last posted its earnings results on Wednesday, May 8th. The transportation company reported $0.02 earnings per share for the quarter. FreightCar America had a negative net margin of 6.88% and a negative return on equity of 20.71%. The firm had revenue of $161.06 million during the quarter. On average, equities research analysts forecast that FreightCar America, Inc. will post 0.17 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FreightCar America stock. Vanguard Group Inc. grew its holdings in shares of FreightCar America, Inc. (NASDAQ:RAIL) by 4.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 584,292 shares of the transportation company’s stock after purchasing an additional 26,412 shares during the quarter. Vanguard Group Inc. owned approximately 3.19% of FreightCar America worth $2,250,000 at the end of the most recent quarter. 31.96% of the stock is owned by institutional investors and hedge funds.

FreightCar America Company Profile

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.