L.B. Foster Co (NASDAQ: FSTR) stock closed at $16.53 on 8/6/24 after a major decline of -19.7%. Moreover, exceptionally high trading volume at 258% of normal accompanied the decline. The stock has declined -28.1% during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are 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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. L.B. Foster has a very low Appreciation Score of 14 but a slightly positive Power Rating of 68, with the Negative Value Trend Rating the result.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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