L.B. Foster (NASDAQ:FSTR) Raised to Strong-Buy at StockNews.com

L.B. Foster (NASDAQ:FSTR) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday.

Separately, B. Riley boosted their target price on shares of L.B. Foster from $14.00 to $18.00 and gave the stock a “neutral” rating in a report on Tuesday, August 15th.

L.B. Foster Trading Down 0.4 %

FSTR traded down $0.07 during trading on Monday, reaching $19.93. 43,280 shares of the company’s stock were exchanged, compared to its average volume of 22,236. L.B. Foster has a one year low of $9.00 and a one year high of $22.14. The company has a current ratio of 1.98, a quick ratio of 1.12 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $220.74 million, a PE ratio of -5.08 and a beta of 0.87. The firm has a fifty day moving average price of $19.16 and a two-hundred day moving average price of $16.22.

Institutional Inflows and Outflows

An institutional investor recently raised its position in L.B. Foster stock. Systematic Financial Management LP raised its position in L.B. Foster (NASDAQ:FSTR) by 31.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 102,005 shares of the basic materials company’s stock after purchasing 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 SEC. 75.53% of the stock is currently owned by hedge funds and other institutional investors.

L.B. Foster Company Profile

L.B. Foster Company provides engineered and manufactured products and services for the building and infrastructure projects worldwide. The company's Rail, Technologies, and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors; used rails; rail accessories, including track spikes and anchors, bolts, angle bars, tie plates, and other products; power rail, direct fixation fasteners, coverboards, and special accessories; and trackwork products, as well as engineers and manufactures insulated rail joints and related accessories.