FreightCar America (NASDAQ:RAIL) Upgraded at StockNews.com

FreightCar America (NASDAQ:RAIL) was upgraded by investment analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report released on Tuesday.

FreightCar America Stock Performance

Shares of NASDAQ:RAIL traded down $0.10 during midday trading on Tuesday, reaching $6.46. The company’s stock had a trading volume of 165,160 shares, compared to its average volume of 231,931. The firm has a market capitalization of $123.13 million, a price-to-earnings ratio of -1.52 and a beta of 2.08. The firm has a 50 day moving average price of $10.15 and a two-hundred day moving average price of $10.52. FreightCar America has a fifty-two week low of $3.02 and a fifty-two week high of $16.10.

FreightCar America (NASDAQ:RAIL) last announced its quarterly earnings data on Wednesday, March 12th. The transportation company reported $0.21 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.16. The company had revenue of $137.70 million for the quarter, compared to the consensus estimate of $152.02 million. FreightCar America had a negative return on equity of 27.10% and a negative net margin of 20.66%. As a group, research analysts anticipate that FreightCar America will post 0.09 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Squarepoint Ops LLC acquired a new position in shares of FreightCar America in the 4th quarter valued at about $290,000. Two Sigma Investments LP acquired a new position in FreightCar America during the 4th quarter worth approximately $254,000. State of Wyoming acquired a new position in FreightCar America during the 4th quarter worth approximately $136,000. Man Group plc acquired a new position in FreightCar America during the 4th quarter worth approximately $480,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in FreightCar America during the 4th quarter worth approximately $212,000. 31.96% of the stock is owned by institutional investors and hedge funds.

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.