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

L.B. Foster (NASDAQ:FSTR) was the recipient of a large increase in short interest in December. As of December 31st, there was short interest totalling 129,300 shares, an increase of 18.5% from the December 15th total of 109,100 shares. Based on an average daily trading volume, of 39,100 shares, the short-interest ratio is currently 3.3 days. Approximately 1.3% of the company’s stock are sold short.

Hedge Funds Weigh In On L.B. Foster

A hedge fund recently raised its stake in L.B. Foster stock. MetLife Investment Management LLC increased its position in L.B. Foster (NASDAQ:FSTR) by 129.1% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 owned by institutional investors.

Analyst Upgrades and Downgrades

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

L.B. Foster Stock Up 1.6 %

L.B. Foster stock traded up $0.43 during mid-day trading on Friday, reaching $27.82. The stock had a trading volume of 18,800 shares, compared to its average volume of 25,800. The company has a market capitalization of $301.29 million, a price-to-earnings ratio of 7.15 and a beta of 0.97. The company has a 50-day moving average price of $27.17 and a two-hundred day moving average price of $22.63. L.B. Foster has a one year low of $14.23 and a one year high of $30.77. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.27 and a quick ratio of 1.30.

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.