L.B. Foster (NASDAQ:FSTR) Stock Passes Above 200 Day Moving Average – Should You Sell?

Shares of L.B. Foster (NASDAQ:FSTR) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $22.31 and traded as high as $28.08. L.B. Foster shares last traded at $27.45, with a volume of 39,940 shares.

Analyst Ratings Changes

FSTR has been the subject of several research reports. B. Riley raised their price target on L.B. Foster from $21.00 to $25.00 and gave the company a “neutral” rating in a report on Wednesday, November 13th. StockNews.com upgraded 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 company has a market cap of $297.28 million, a P/E ratio of 7.06 and a beta of 0.97. The stock has a 50 day moving average price of $25.99 and a two-hundred day moving average price of $22.31. The company has a quick ratio of 1.30, a current ratio of 2.27 and a debt-to-equity ratio of 0.37.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in L.B. Foster stock. MetLife Investment Management LLC lifted its holdings in L.B. Foster (NASDAQ:FSTR) by 129.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,329 shares of the basic materials company’s stock after acquiring an additional 3,003 shares during the period. MetLife Investment Management LLC’s holdings in L.B. Foster were worth $109,000 as of its most recent filing with the SEC. Hedge funds and other 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.