L.B. Foster (NASDAQ:FSTR – Get Free Report)’s share price passed 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 trading hands.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on the stock. B. Riley upped 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 note on Wednesday, November 13th. StockNews.com upgraded shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 8th.
View Our Latest Stock Report on FSTR
L.B. Foster Stock Up 2.5 %
Hedge Funds Weigh In On L.B. Foster
A hedge fund recently raised its stake in L.B. Foster stock. MetLife Investment Management LLC boosted its holdings in L.B. Foster (NASDAQ:FSTR – Free Report) by 129.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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 reporting period. 80.63% of the stock is currently owned by institutional investors and hedge funds.
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.
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