FreightCar America (RAIL) Reaches New 1-Year Low at $6.38

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Shares of FreightCar America, Inc. (NASDAQ:RAIL) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as $6.38 and last traded at $6.41, with a volume of 164116 shares. The stock had previously closed at $6.90.

RAIL has been the topic of several recent research reports. ValuEngine downgraded FreightCar America from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Zacks Investment Research raised FreightCar America from a “sell” rating to a “hold” rating in a report on Tuesday, February 5th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. FreightCar America presently has an average rating of “Hold” and a consensus price target of $19.00.

The company has a market cap of $87.96 million, a price-to-earnings ratio of -3.60 and a beta of 1.53.

A number of institutional investors have recently made changes to their positions in the business. Rhumbline Advisers raised its stake in FreightCar America by 39.8% during the 4th quarter. Rhumbline Advisers now owns 18,050 shares of the transportation company’s stock valued at $121,000 after acquiring an additional 5,141 shares in the last quarter. Pacific Ridge Capital Partners LLC raised its stake in FreightCar America by 3.1% during the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 172,709 shares of the transportation company’s stock valued at $2,775,000 after acquiring an additional 5,168 shares in the last quarter. Geode Capital Management LLC raised its stake in FreightCar America by 5.5% during the 4th quarter. Geode Capital Management LLC now owns 123,639 shares of the transportation company’s stock valued at $827,000 after acquiring an additional 6,404 shares in the last quarter. BlackRock Inc. raised its stake in FreightCar America by 1.1% during the 3rd quarter. BlackRock Inc. now owns 850,136 shares of the transportation company’s stock valued at $13,662,000 after acquiring an additional 8,887 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in FreightCar America by 1.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,048,365 shares of the transportation company’s stock valued at $16,847,000 after acquiring an additional 12,098 shares in the last quarter. 84.05% of the stock is currently owned by hedge funds and other institutional investors.

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FreightCar America Company Profile (NASDAQ:RAIL)

FreightCar America, Inc, through its subsidiaries, designs, manufactures, and sells railcars for the transportation of bulk commodities and containerized freight products primarily in North America. The company offers a range of freight cars, including open top hoppers, covered hoppers, and gondolas; intermodal flats, such as well cars; and non-intermodal flat cars comprising slab, hot slab, ribbon rail, and bulkhead flats.

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