L.B. Foster (NASDAQ:FSTR) Share Price Crosses Above 200-Day Moving Average – Here’s What Happened

L.B. Foster (NASDAQ:FSTR)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $22.21 and traded as high as $27.06. L.B. Foster shares last traded at $26.72, with a volume of 21,608 shares trading hands.

Analyst Ratings Changes

FSTR has been the topic of a number of recent analyst reports. B. Riley increased their target price 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. StockNews.com raised shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 8th.

L.B. Foster Stock Performance

The firm’s 50 day moving average is $24.97 and its two-hundred day moving average is $22.21. The stock has a market capitalization of $289.38 million, a PE ratio of 6.87 and a beta of 0.96. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.30 and a current ratio of 2.27.

Institutional Inflows and Outflows

An institutional investor recently raised its position in L.B. Foster stock. MetLife Investment Management LLC increased its holdings in shares of L.B. Foster (NASDAQ:FSTR) by 129.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,329 shares of the basic materials company’s stock after purchasing an additional 3,003 shares during the quarter. MetLife Investment Management LLC’s holdings in L.B. Foster were worth $109,000 at the end of the most recent quarter. Institutional investors 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.