FreightCar America (NASDAQ:RAIL) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of FreightCar America (NASDAQ:RAIL) in a report released on Tuesday. The brokerage set a “hold” rating on the transportation company’s stock.

Separately, Noble Financial raised FreightCar America to a “strong-buy” rating in a report on Friday, June 28th.

FreightCar America Price Performance

RAIL stock opened at $7.20 on Tuesday. FreightCar America has a 1 year low of $2.25 and a 1 year high of $7.20. The firm has a market capitalization of $134.72 million, a P/E ratio of -4.68 and a beta of 1.97. The business’s 50-day moving average is $3.90 and its two-hundred day moving average is $3.66.

FreightCar America (NASDAQ:RAIL) last issued its quarterly earnings results on Monday, August 12th. The transportation company reported $0.05 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.05. FreightCar America had a negative net margin of 0.62% and a negative return on equity of 28.11%. The company had revenue of $147.42 million during the quarter, compared to the consensus estimate of $127.09 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. On average, analysts expect that FreightCar America will post 0.2 EPS for the current year.

Institutional Trading of FreightCar America

Institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC lifted its position in FreightCar America by 43.4% in the second quarter. Renaissance Technologies LLC now owns 116,887 shares of the transportation company’s stock valued at $408,000 after acquiring an additional 35,387 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of FreightCar America by 24.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 29,932 shares of the transportation company’s stock valued at $104,000 after purchasing an additional 5,880 shares during the period. Finally, Vanguard Group Inc. grew its stake in FreightCar America by 4.7% during the 1st quarter. Vanguard Group Inc. now owns 584,292 shares of the transportation company’s stock worth $2,250,000 after buying an additional 26,412 shares during the last quarter. Hedge funds and other institutional investors 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.