LB Foster (NASDAQ:FSTR – Get Rating) was the target of a significant drop in short-term interest in April. As of April 30, there was short interest totaling 38,600 shares, down 23.4% from the total of 50,400 shares as of April 15. Based on an average daily trading volume of 22,200 shares, the days-to-cover ratio is currently 1.7 days. Currently, 0.4% of the stock’s shares are sold short.
A number of brokerages have published reports on FSTR. StockNews.com picked up coverage of LB Foster stocks in a research report on Saturday, May 7. They set a “buy” rating for the company. Zacks Investment Research upgraded LB Foster from a “Strong Sell” rating to a “Hold” rating in a Tuesday, May 10 research note. Finally, B. Riley lowered his price target on LB Foster from $21.00 to $18.00 and set a “buy” rating for the company in a Thursday, March 10 research report.
Shares of NASDAQ:FSTR traded at $0.14 during Monday’s trading, hitting $12.37. The stock recorded a trading volume of 60,498 shares, compared to an average volume of 25,392 shares. The company has a quick ratio of 1.35, a current ratio of 2.08 and a leverage ratio of 0.20. The stock has a market capitalization of $134.71 million, a P/E ratio of 39.45 and a beta of 0.93. The company has a fifty-day moving average price of $14.71 and a 200-day moving average price of $14.95. LB Foster has a fifty-two week low of $12.04 and a fifty-two week high of $19.39.
LB Foster (NASDAQ:FSTR – Get Rating) last released its results on Tuesday, May 10. The basic materials company reported ($0.15) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.05). LB Foster had a return on equity of 0.66% and a net margin of 0.67%. The company posted revenue of $98.79 million in the quarter, compared to $103.41 million expected by analysts. In the same period a year earlier, the company posted ($0.12) earnings per share. As a group, equity analysts expect LB Foster to post EPS of 0.65 for the current year.
Hedge funds and other institutional investors have recently increased or reduced their stakes in the stock. Systematic Financial Management LP increased its stake in LB Foster to 98.8% in the first quarter. Systematic Financial Management LP now owns 71,148 shares of the basic materials company valued at $1,094,000 after purchasing an additional 35,360 shares during the period. Rutabaga Capital Management LLC MA increased its stake in LB Foster by 59.5% in the first quarter. Rutabaga Capital Management LLC MA now owns 389,863 shares of the basic materials company valued at $5,992,000 after purchasing an additional 145,446 shares during the period. Russell Investments Group Ltd. increased its position in LB Foster by 72.7% in the first quarter. Russell Investments Group Ltd. now owns 52,434 shares of the basic materials company valued at $805,000 after purchasing an additional 22,076 shares last quarter. Finally, Castleview Partners LLC acquired a new stake in LB Foster during the fourth quarter valued at approximately $24,663,000. Hedge funds and other institutional investors hold 76.61% of the company’s shares.
LB Foster Company Profile (Get a rating)
LB Foster Company provides products and services designed and manufactured for construction and infrastructure projects worldwide. The Company’s Rail, Technologies and Services segment provides new rails to short-haul passenger and freight railways, industrial companies and rail contractors; used rails; railway accessories, including track spikes and anchors, bolts, angles, rail saddles and other products; power rail, direct fasteners, cover panels and special accessories; and track products, as well as designs and manufactures insulated rail joints and related accessories.
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