FreightCar America (NASDAQ:RAIL – Get Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.
FreightCar America Stock Down 4.8 %
Shares of NASDAQ RAIL opened at $11.92 on Wednesday. The business has a fifty day simple moving average of $10.79 and a two-hundred day simple moving average of $9.92. The firm has a market cap of $225.17 million, a PE ratio of -2.81 and a beta of 1.96. FreightCar America has a twelve month low of $2.86 and a twelve month high of $16.10.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the stock. Quantbot Technologies LP bought a new position in shares of FreightCar America in the 3rd quarter worth $49,000. JPMorgan Chase & Co. raised its position in shares of FreightCar America by 98.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,599 shares of the transportation company’s stock worth $50,000 after acquiring an additional 2,281 shares in the last quarter. Barclays PLC bought a new position in shares of FreightCar America in the 3rd quarter worth $73,000. Globeflex Capital L P bought a new position in shares of FreightCar America in the 4th quarter worth $69,000. Finally, Ritholtz Wealth Management bought a new position in shares of FreightCar America in the 4th quarter worth $104,000. 31.96% of the stock is owned by institutional investors.
About FreightCar America
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.
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