FreightCar America (NASDAQ:RAIL) Stock Price Crosses Above 200-Day Moving Average of $3.10

FreightCar America, Inc. (NASDAQ:RAIL) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.10 and traded as high as $3.83. FreightCar America shares last traded at $3.65, with a volume of 26,368 shares trading hands.

Analyst Upgrades and Downgrades

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

FreightCar America Price Performance

The company has a market capitalization of $66.61 million, a price-to-earnings ratio of -2.29 and a beta of 1.93. The stock has a 50-day moving average price of $3.72 and a 200-day moving average price of $3.11.

FreightCar America (NASDAQ:RAIL) last announced its earnings results on Wednesday, May 8th. The transportation company reported $0.02 earnings per share for the quarter. The company had revenue of $161.06 million for the quarter. FreightCar America had a negative return on equity of 20.71% and a negative net margin of 6.88%. Equities analysts forecast that FreightCar America, Inc. will post 0.17 earnings per share for the current year.

Hedge Funds Weigh In On FreightCar America

A hedge fund recently raised its stake in FreightCar America stock. Vanguard Group Inc. boosted its stake in shares of FreightCar America, Inc. (NASDAQ:RAIL) by 4.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 584,292 shares of the transportation company’s stock after acquiring an additional 26,412 shares during the period. Vanguard Group Inc. owned 3.19% of FreightCar America worth $2,250,000 at the end of the most recent reporting period. 31.96% of the stock is currently 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.