FreightCar America (NASDAQ:RAIL) Share Price Crosses Above 200-Day Moving Average of $3.03

FreightCar America, Inc. (NASDAQ:RAIL)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $3.03 and traded as high as $3.66. FreightCar America shares last traded at $3.63, with a volume of 7,790 shares trading hands.

Analyst Upgrades and Downgrades

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

FreightCar America Stock Up 4.0 %

The company has a 50 day moving average of $3.72 and a 200 day moving average of $3.03.

FreightCar America (NASDAQ:RAIL) last posted its quarterly earnings data on Monday, March 18th. The transportation company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.08). FreightCar America had a negative net margin of 6.88% and a negative return on equity of 20.71%. The firm had revenue of $126.60 million during the quarter. Equities analysts predict that FreightCar America, Inc. will post 0.17 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in FreightCar America stock. Vanguard Group Inc. grew its stake in FreightCar America, Inc. (NASDAQ:RAIL) by 4.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 584,292 shares of the transportation company’s stock after acquiring an additional 26,412 shares during the quarter. Vanguard Group Inc. owned about 3.19% of FreightCar America worth $2,250,000 as of its most recent SEC filing. 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.