L.B. Foster Co (NASDAQ:FSTR)’s share price reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $18.10 and last traded at $18.10, with a volume of 1602 shares traded. The stock had previously closed at $18.54.
Separately, BidaskClub upgraded L.B. Foster from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd.
The stock has a market capitalization of $217.07 million, a price-to-earnings ratio of 19.39 and a beta of 2.24. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.95 and a quick ratio of 1.07.
L.B. Foster (NASDAQ:FSTR) last issued its quarterly earnings data on Tuesday, July 31st. The basic materials company reported $0.47 earnings per share for the quarter. The firm had revenue of $172.89 million for the quarter. L.B. Foster had a return on equity of 7.67% and a net margin of 1.13%.
In other news, major shareholder Legion Partners Asset Manageme sold 2,300 shares of L.B. Foster stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $24.37, for a total value of $56,051.00. The sale was disclosed in a document filed with the SEC, which is available through this link. 20.30% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio bought a new stake in shares of L.B. Foster in the 2nd quarter worth approximately $332,000. Segall Bryant & Hamill LLC bought a new stake in shares of L.B. Foster in the 1st quarter worth approximately $631,000. Bowling Portfolio Management LLC bought a new stake in shares of L.B. Foster in the 2nd quarter worth approximately $623,000. Strs Ohio grew its position in shares of L.B. Foster by 9.4% in the 2nd quarter. Strs Ohio now owns 29,000 shares of the basic materials company’s stock worth $665,000 after buying an additional 2,500 shares during the last quarter. Finally, Malaga Cove Capital LLC lifted its stake in shares of L.B. Foster by 24.7% in the 3rd quarter. Malaga Cove Capital LLC now owns 44,056 shares of the basic materials company’s stock valued at $926,000 after purchasing an additional 8,737 shares during the period. Hedge funds and other institutional investors own 72.24% of the company’s stock.
About L.B. Foster (NASDAQ:FSTR)
L.B. Foster Company manufactures and distributes products and services for the transportation and energy infrastructure worldwide. Its Rail Products and Services segment offers new rail for passenger and shortline freight railroads, industrial companies, and rail contractors; used rail; rail accessories, such as track spikes, bolts, angle bars, and other products; power rail, direct fixation fasteners, coverboards, and special accessories; and trackwork products, as well as engineers and fabricates insulated rail joints and related accessories.
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