Short Interest in L.B. Foster (NASDAQ:FSTR) Rises By 7.9%

L.B. Foster (NASDAQ:FSTRGet Free Report) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 91,200 shares, an increase of 7.9% from the February 29th total of 84,500 shares. Currently, 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 40,600 shares, the short-interest ratio is currently 2.2 days.

L.B. Foster Stock Up 1.3 %

Shares of FSTR traded up $0.36 during midday trading on Wednesday, hitting $27.15. 880 shares of the company’s stock traded hands, compared to its average volume of 39,983. L.B. Foster has a 1 year low of $10.26 and a 1 year high of $27.93. The firm’s fifty day moving average is $24.09 and its 200-day moving average is $21.54. The company has a current ratio of 1.76, a quick ratio of 0.99 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $298.65 million, a price-to-earnings ratio of 206.09 and a beta of 0.78.

L.B. Foster (NASDAQ:FSTRGet Free Report) last issued its quarterly earnings data on Tuesday, March 5th. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). L.B. Foster had a net margin of 0.27% and a return on equity of 2.18%. The business had revenue of $134.88 million for the quarter, compared to analysts’ expectations of $127.65 million. During the same quarter in the prior year, the company posted $0.03 EPS. As a group, sell-side analysts anticipate that L.B. Foster will post 1.07 earnings per share for the current year.

Wall Street Analyst Weigh In

FSTR has been the subject of a number of analyst reports. B. Riley upped their target price on L.B. Foster from $17.00 to $23.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. upgraded L.B. Foster from a “buy” rating to a “strong-buy” rating in a report on Tuesday.

Read Our Latest Research Report on FSTR

Institutional Trading of L.B. Foster

An institutional investor recently raised its position in L.B. Foster stock. Systematic Financial Management LP lifted its position in L.B. Foster (NASDAQ:FSTRFree Report) by 31.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 102,005 shares of the basic materials company’s stock after acquiring an additional 24,182 shares during the period. Systematic Financial Management LP owned 0.93% of L.B. Foster worth $987,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 80.63% of the company’s stock.

L.B. Foster Company Profile

(Get Free Report)

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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