FreightCar America (NASDAQ:RAIL) Stock Price Passes Above Two Hundred Day Moving Average of $2.87

Shares of FreightCar America, Inc. (NASDAQ:RAIL) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.87 and traded as high as $3.67. FreightCar America shares last traded at $3.58, with a volume of 14,732 shares traded.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of FreightCar America in a research note on Thursday, March 21st. They issued a “hold” rating on the stock.

FreightCar America Stock Performance

The stock has a market capitalization of $63.66 million, a PE ratio of -2.92 and a beta of 1.95. The stock’s 50 day moving average is $3.44 and its two-hundred day moving average is $2.88.

FreightCar America (NASDAQ:RAIL) last issued its quarterly earnings results on Monday, March 18th. The transportation company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.08). The company had revenue of $126.60 million for the quarter. Equities research analysts expect that FreightCar America, Inc. will post 0.2 EPS for the current fiscal year.

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.