L.B. Foster (NASDAQ:FSTR) Stock Passes Above 200 Day Moving Average – Time to Sell?

L.B. Foster (NASDAQ:FSTR) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $22.12 and traded as high as $28.97. L.B. Foster shares last traded at $28.55, with a volume of 31,383 shares.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on FSTR shares. B. Riley boosted their price objective on L.B. Foster from $21.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, November 13th. StockNews.com raised shares of L.B. Foster from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 8th.

L.B. Foster Price Performance

The firm has a market capitalization of $291.22 million, a PE ratio of 6.91 and a beta of 0.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.27 and a quick ratio of 1.30. The business’s 50 day moving average is $24.13 and its two-hundred day moving average is $22.16.

Institutional Trading of L.B. Foster

A hedge fund recently raised its stake in L.B. Foster stock. MetLife Investment Management LLC grew its position in shares of L.B. Foster (NASDAQ:FSTR) by 129.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,329 shares of the basic materials company’s stock after purchasing an additional 3,003 shares during the period. MetLife Investment Management LLC’s holdings in L.B. Foster were worth $109,000 at the end of the most recent reporting period. 80.63% of the stock is currently owned by institutional investors and hedge funds.

About L.B. Foster

L.B. Foster Company provides engineered and manufactured products and services for the building and infrastructure projects in the United States, Canada, the United Kingdom, and internationally. It operates through two segments: Rail, Technologies, and Services; and Infrastructure Solutions. The Rail, Technologies, and Services segment offers new rail to passenger and short line freight railroads, industrial companies, and rail contractors, as well as used rails; rail accessories, such as rack spikes, bolts, angle bars, tie plates, and other products; insulated rail joints and related accessories; fixation fasteners, coverboards, and special accessories; and trackwork products.