FreightCar America (NASDAQ:RAIL) Stock Crosses Above 200 Day Moving Average – What’s Next?

FreightCar America, Inc. (NASDAQ:RAIL) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $5.67 and traded as high as $12.79. FreightCar America shares last traded at $12.73, with a volume of 204,962 shares changing hands.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. StockNews.com cut FreightCar America from a “buy” rating to a “hold” rating in a research report on Friday, September 27th. Noble Financial upgraded shares of FreightCar America to a “strong-buy” rating in a research note on Friday, June 28th.

FreightCar America Trading Up 3.4 %

The company has a market cap of $274.94 million, a PE ratio of -20.96 and a beta of 2.02. The business’s 50 day moving average is $9.80 and its two-hundred day moving average is $5.73.

FreightCar America (NASDAQ:RAIL) last announced its quarterly earnings data on Monday, August 12th. The transportation company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05. FreightCar America had a negative return on equity of 28.11% and a negative net margin of 0.62%. The business had revenue of $147.42 million for the quarter, compared to the consensus estimate of $127.09 million. During the same period in the previous year, the business earned $0.02 earnings per share. As a group, equities research analysts predict that FreightCar America, Inc. will post 0.2 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Nigris Felan Jose De purchased 4,000 shares of FreightCar America stock in a transaction on Friday, September 27th. The shares were bought at an average cost of $10.19 per share, for a total transaction of $40,760.00. Following the acquisition, the director now owns 73,147 shares in the company, valued at approximately $745,367.93. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Nigris Felan Jose De acquired 4,000 shares of FreightCar America stock in a transaction on Friday, September 27th. The shares were acquired at an average price of $10.19 per share, with a total value of $40,760.00. Following the purchase, the director now directly owns 73,147 shares in the company, valued at $745,367.93. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William D. Gehl sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $10.83, for a total value of $108,300.00. Following the sale, the director now directly owns 147,608 shares in the company, valued at $1,598,594.64. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 28.00% of the stock is owned by company insiders.

Institutional Trading of FreightCar America

A number of large investors have recently made changes to their positions in RAIL. Vanguard Group Inc. grew its position in FreightCar America by 4.7% in the first quarter. Vanguard Group Inc. now owns 584,292 shares of the transportation company’s stock worth $2,250,000 after acquiring an additional 26,412 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of FreightCar America by 24.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,932 shares of the transportation company’s stock valued at $104,000 after purchasing an additional 5,880 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of FreightCar America by 43.4% in the 2nd quarter. Renaissance Technologies LLC now owns 116,887 shares of the transportation company’s stock worth $408,000 after purchasing an additional 35,387 shares during the period. Finally, Allspring Global Investments Holdings LLC bought a new position in shares of FreightCar America during the 3rd quarter valued at approximately $1,067,000. 31.96% of the stock is currently owned by institutional investors.

FreightCar America Company Profile

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.