L.B. Foster Co (NASDAQ: FSTR) has reported a loss for its fourth fiscal quarter (ending December 31) of $-0.04 versus a loss $-4.09 for the same period a year ago. For the latest four quarters through December 31, E.P.S. were $0.14 compared to $-4.25 a year ago.
Recent Price Action
L.B. Foster Co (NASDAQ: FSTR) stock suffered a large decline of -8.0% on 3/5/24. The stock closed at $22.33. Moreover, this decline was accompanied by unusually high trading volume at 179% of normal. Relative to the market the stock has been exceptionally strong over the last nine months but has declined -4.6% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be in line with the cost of capital, FSTR is expected to continue to be Value Creation neutral.
L.B. Foster has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. L.B. Foster has a very low Appreciation Score of 14 but a very high Power Rating of 95, resulting in the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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