FreightCar America (NASDAQ:RAIL) Upgraded at Noble Financial

Noble Financial upgraded shares of FreightCar America (NASDAQ:RAIL) to a strong-buy rating in a research report report published on Friday morning, Zacks.com reports.

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 Stock Down 2.6 %

Shares of RAIL opened at $3.40 on Friday. FreightCar America has a 12-month low of $2.25 and a 12-month high of $4.26. The business has a 50-day simple moving average of $3.66 and a two-hundred day simple moving average of $3.28. The stock has a market cap of $63.61 million, a PE ratio of -2.21 and a beta of 1.97.

FreightCar America (NASDAQ:RAIL) last issued its earnings results on Wednesday, May 8th. The transportation company reported $0.02 earnings per share (EPS) for the quarter. FreightCar America had a negative return on equity of 20.71% and a negative net margin of 6.88%. The business had revenue of $161.06 million during the quarter. On average, equities research analysts expect that FreightCar America will post 0.17 EPS for the current year.

Institutional Inflows and Outflows

An institutional investor recently raised its position in FreightCar America stock. Vanguard Group Inc. grew its position in shares of FreightCar America, Inc. (NASDAQ:RAIL) by 4.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 584,292 shares of the transportation company’s stock after purchasing an additional 26,412 shares during the quarter. Vanguard Group Inc. owned about 3.19% of FreightCar America worth $2,250,000 as of its most recent SEC filing. Institutional investors and hedge funds own 31.96% of the company’s stock.

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.