FreightCar America (NASDAQ:RAIL) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of FreightCar America (NASDAQ:RAIL) in a report issued on Saturday. The brokerage issued a hold rating on the transportation company’s stock.

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

FreightCar America Trading Down 6.0 %

NASDAQ RAIL traded down $0.21 during mid-day trading on Friday, hitting $3.28. The company’s stock had a trading volume of 28,699 shares, compared to its average volume of 26,557. The company’s 50 day simple moving average is $3.45 and its 200 day simple moving average is $3.38. FreightCar America has a twelve month low of $2.25 and a twelve month high of $4.26. The firm has a market capitalization of $61.37 million, a price-to-earnings ratio of -2.13 and a beta of 1.97.

FreightCar America (NASDAQ:RAIL) last posted its quarterly earnings data on Wednesday, May 8th. The transportation company reported $0.02 earnings per share (EPS) for the quarter. The firm had revenue of $161.06 million for the quarter. FreightCar America had a negative net margin of 6.88% and a negative return on equity of 20.71%. As a group, research analysts forecast that FreightCar America will post 0.2 EPS for the current year.

Institutional Investors Weigh In On FreightCar America

A hedge fund recently raised its stake in FreightCar America stock. Vanguard Group Inc. lifted its holdings in shares of FreightCar America, Inc. (NASDAQ:RAIL) by 4.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 584,292 shares of the transportation company’s stock after purchasing an additional 26,412 shares during the period. Vanguard Group Inc. owned about 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.