L.B. Foster (NASDAQ:FSTR) Short Interest Update

L.B. Foster (NASDAQ:FSTR) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 36,300 shares, a decline of 39.6% from the August 15th total of 60,100 shares. Approximately 0.4% of the shares of the company are short sold. Based on an average daily trading volume, of 65,100 shares, the short-interest ratio is presently 0.6 days.

FSTR has been the topic of a number of research analyst reports. TheStreet downgraded L.B. Foster from a “b-” rating to a “c” rating in a research note on Tuesday, August 24th. Zacks Investment Research upgraded L.B. Foster from a “sell” rating to a “hold” rating in a research note on Monday, August 2nd. Finally, B. Riley boosted their target price on L.B. Foster from $19.00 to $21.00 and gave the stock a “buy” rating in a research note on Wednesday, August 4th.

Shares of NASDAQ:FSTR traded down $0.08 during mid-day trading on Friday, reaching $15.42. The company had a trading volume of 141,477 shares, compared to its average volume of 69,518. The company has a current ratio of 1.88, a quick ratio of 0.86 and a debt-to-equity ratio of 0.21. The firm has a market cap of $167.06 million, a price-to-earnings ratio of 15.58 and a beta of 1.05. The company’s 50-day moving average price is $17.24 and its 200-day moving average price is $17.54. L.B. Foster has a one year low of $11.91 and a one year high of $19.47.

L.B. Foster (NASDAQ:FSTR) last issued its earnings results on Monday, August 2nd. The basic materials company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. The company had revenue of $154.52 million for the quarter, compared to analyst estimates of $141.74 million. L.B. Foster had a net margin of 2.09% and a return on equity of 2.89%. On average, research analysts anticipate that L.B. Foster will post 0.63 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the business. Rutabaga Capital Management LLC MA boosted its position in shares of L.B. Foster by 15.8% in the 2nd quarter. Rutabaga Capital Management LLC MA now owns 399,126 shares of the basic materials company’s stock worth $7,440,000 after buying an additional 54,536 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of L.B. Foster by 619.2% in the 2nd quarter. Russell Investments Group Ltd. now owns 54,212 shares of the basic materials company’s stock worth $1,008,000 after buying an additional 46,674 shares in the last quarter. Systematic Financial Management LP boosted its position in shares of L.B. Foster by 493.9% in the 2nd quarter. Systematic Financial Management LP now owns 33,008 shares of the basic materials company’s stock worth $615,000 after buying an additional 27,450 shares in the last quarter. Castleview Partners LLC purchased a new stake in shares of L.B. Foster in the 2nd quarter worth about $460,000. Finally, Tibra Equities Europe Ltd purchased a new stake in shares of L.B. Foster in the 2nd quarter worth about $350,000. Institutional investors own 63.03% of the company’s stock.

About L.B. Foster

L.B. Foster Co engages in providing products and services for the rail industry and solutions to support infrastructure projects. It operates through the following segments: Rail Technologies & Services and Infrastructure Solutions. The Rail Technologies & Services segment comprises of manufacturing and distribution businesses that provide products and services for freight and passenger railroads and industrial companies.

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