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

L.B. Foster (NASDAQ:FSTR) saw a significant increase in short interest in June. As of June 15th, there was short interest totalling 106,200 shares, an increase of 9.0% from the May 31st total of 97,400 shares. Based on an average daily volume of 53,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 1.1% of the shares of the stock are short sold.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. StockNews.com raised L.B. Foster from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 30th. B. Riley upped their price target on shares of L.B. Foster from $23.00 to $27.00 and gave the company a “neutral” rating in a report on Friday, May 10th.

L.B. Foster Price Performance

Shares of NASDAQ FSTR traded up $1.79 during trading on Wednesday, reaching $22.18. The company had a trading volume of 92,427 shares, compared to its average volume of 61,264. The company has a current ratio of 2.17, a quick ratio of 1.15 and a debt-to-equity ratio of 0.54. L.B. Foster has a twelve month low of $13.76 and a twelve month high of $30.77. The stock has a 50-day moving average price of $25.51 and a two-hundred day moving average price of $24.35. The stock has a market capitalization of $243.09 million, a PE ratio of 30.38 and a beta of 0.86.

L.B. Foster (NASDAQ:FSTR) last announced its quarterly earnings data on Tuesday, May 7th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.16) by $0.24. L.B. Foster had a net margin of 1.46% and a return on equity of 3.19%. The business had revenue of $124.32 million for the quarter, compared to the consensus estimate of $110.34 million. As a group, sell-side analysts predict that L.B. Foster will post 1.4 earnings per share for the current year.

Institutional Trading of L.B. Foster

An institutional investor recently raised its position in L.B. Foster stock. Lazard Asset Management LLC boosted its position in L.B. Foster (NASDAQ:FSTR) by 760.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,789 shares of the basic materials company’s stock after acquiring an additional 1,581 shares during the quarter. Lazard Asset Management LLC’s holdings in L.B. Foster were worth $48,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 80.63% of the company’s stock.

L.B. Foster Company Profile

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.