FreightCar America, Inc. (NASDAQ:RAIL) Short Interest Update

FreightCar America, Inc. (NASDAQ:RAIL) saw a significant decrease in short interest in April. As of April 15th, there was short interest totalling 156,800 shares, a decrease of 23.2% from the March 31st total of 204,200 shares. Approximately 1.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 43,400 shares, the short-interest ratio is presently 3.6 days.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on FreightCar America in a research note on Thursday, March 21st. They issued a “hold” rating for the company.

FreightCar America Stock Performance

Shares of NASDAQ:RAIL traded down $0.06 during mid-day trading on Tuesday, reaching $3.49. 15,097 shares of the company’s stock were exchanged, compared to its average volume of 38,212. FreightCar America has a twelve month low of $2.25 and a twelve month high of $4.09. The firm has a market capitalization of $64.01 million, a price-to-earnings ratio of -2.93 and a beta of 1.94. The business’s fifty day moving average price is $3.49 and its 200-day moving average price is $2.91.

FreightCar America (NASDAQ:RAIL) last announced its earnings results on Monday, March 18th. The transportation company reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.08). The company had revenue of $126.60 million during the quarter. Analysts predict that FreightCar America will post 0.2 EPS for the current fiscal year.

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.