Stock analysts at StockNews.com initiated coverage on shares of FreightCar America (NASDAQ:RAIL – Get Rating) in a research note issued on Saturday. The firm set a “sell” rating on the transportation company’s stock.
FreightCar America Price Performance
Shares of RAIL stock opened at $3.68 on Friday. FreightCar America has a 12 month low of $3.07 and a 12 month high of $6.90. The firm has a market cap of $63.28 million, a PE ratio of -3.17 and a beta of 2.13. The stock has a 50 day moving average of $3.53 and a 200-day moving average of $3.75.
Insider Activity at FreightCar America
In other news, major shareholder Benavides Alejandro Gil bought 10,600 shares of the business’s stock in a transaction that occurred on Thursday, December 15th. The stock was acquired at an average cost of $3.48 per share, for a total transaction of $36,888.00. Following the completion of the purchase, the insider now owns 146,600 shares of the company’s stock, valued at approximately $510,168. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 15.18% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
FreightCar America Company Profile
FreightCar America, Inc engages in the manufacture of railcars and railcar components. It operates through the Manufacturing and Corporate and Other segments. The Manufacturing segment includes new railcar manufacturing, used railcar sales, railcar leasing and major railcar rebuilds. The Corporate and Other segment focuses on the sales of parts.
- Get a free copy of the StockNews.com research report on FreightCar America (RAIL)
- 2 Offshore Drilling Stocks Set to Extract Big Profits
- Three Staples Stocks With Double-Digit Upside Ahead
- Can Investors Trust Consumers to Lift American Outdoor Brands?
- How to Buy High Yielding Dividend Stocks
- Oracle Has Spoken: Shares Fall 5%
Receive News & Ratings for FreightCar America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FreightCar America and related companies with MarketBeat.com's FREE daily email newsletter.