Freightcar America (NASDAQ:RAIL) Shares Pass Above 200 Day Moving Average – Time to Sell?

Shares of Freightcar America, Inc. (NASDAQ:RAIL) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $9.59 and traded as high as $11.38. Freightcar America shares last traded at $10.98, with a volume of 87,094 shares trading hands.

Analyst Ratings Changes

RAIL has been the subject of a number of analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of Freightcar America in a research note on Thursday. Zacks Research raised Freightcar America from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 7th. Finally, Wall Street Zen upgraded Freightcar America from a “hold” rating to a “buy” rating in a research report on Sunday, December 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.00.

Freightcar America Trading Down 2.7%

The firm has a 50-day moving average price of $9.85 and a 200-day moving average price of $9.59. The company has a market capitalization of $209.50 million, a price-to-earnings ratio of 4.16 and a beta of 1.67.

Freightcar America (NASDAQ:RAIL) last announced its quarterly earnings data on Monday, November 10th. The transportation company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.08. The business had revenue of $160.51 million during the quarter, compared to analyst estimates of $157.25 million. Freightcar America had a negative return on equity of 17.35% and a net margin of 17.40%. Equities research analysts predict that Freightcar America, Inc. will post 0.09 EPS for the current fiscal year.

Institutional Trading of Freightcar America

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its stake in Freightcar America by 208.6% during the third quarter. BNP Paribas Financial Markets now owns 2,935 shares of the transportation company’s stock valued at $29,000 after purchasing an additional 1,984 shares during the last quarter. Quarry LP bought a new position in shares of Freightcar America in the third quarter valued at $53,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Freightcar America during the 1st quarter valued at $61,000. State of Wyoming acquired a new position in shares of Freightcar America in the 2nd quarter valued at $63,000. Finally, Pacific Wealth Strategies Group Inc. purchased a new position in Freightcar America in the 2nd quarter worth about $87,000. 31.96% of the stock is currently owned by institutional investors.

Freightcar America Company Profile

FreightCar America, Inc is a designer and manufacturer of specialized railroad freight cars, offering a diverse range of products that include tank cars, open and covered hoppers, gondolas, boxcars and centerbeam lumber cars. The company supports both new car construction and the rebuilding of existing fleets, providing custom engineering solutions to meet customer specifications and industry regulations. FreightCar America also supplies aftermarket parts, maintenance services and component remanufacturing for its own fleet and for third-party car owners.

Headquartered in Chicago, Illinois, FreightCar America traces its origins to early 20th-century railcar builders and began trading as an independent, publicly-listed company on the NASDAQ under the ticker RAIL following a spin-off in 2010.