FreightCar America (NASDAQ:RAIL) Share Price Passes Above 200 Day Moving Average of $2.74

FreightCar America, Inc. (NASDAQ:RAIL) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.74 and traded as high as $3.90. FreightCar America shares last traded at $3.85, with a volume of 11,511 shares.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of FreightCar America in a research report on Thursday, March 21st. They set a “hold” rating on the stock.

FreightCar America Stock Performance

The stock has a market cap of $70.61 million, a PE ratio of -3.24 and a beta of 1.91. The stock has a fifty day simple moving average of $3.08 and a two-hundred day simple moving average of $2.74.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Allianz Asset Management GmbH boosted its stake in FreightCar America by 69.9% during the first quarter. Allianz Asset Management GmbH now owns 693,077 shares of the transportation company’s stock valued at $4,096,000 after buying an additional 285,119 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of FreightCar America by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 540,787 shares of the transportation company’s stock valued at $2,017,000 after purchasing an additional 6,118 shares during the period. Walleye Capital LLC acquired a new position in shares of FreightCar America in the 1st quarter valued at $820,000. Renaissance Technologies LLC boosted its position in shares of FreightCar America by 14.2% in the 4th quarter. Renaissance Technologies LLC now owns 86,600 shares of the transportation company’s stock valued at $277,000 after purchasing an additional 10,765 shares during the period. Finally, Ancora Advisors LLC acquired a new position in shares of FreightCar America in the 1st quarter valued at $386,000. Institutional investors own 31.96% of the company’s stock.

About FreightCar America

FreightCar America, Inc, through its subsidiaries, engages in design, manufacture, and sale of railcars and railcar components for the transportation of bulk commodities and containerized freight products in the United States and Mexico. It operates in two segments, Manufacturing and Parts. The company offers a range of railcars, including open top hoppers, mill gondola cars, intermodal and non-intermodal flat cars, coal cars; bulk commodity cars covered hopper cars, coil steel cars, boxcars, woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars.