The stock last traded at $18.76 which is just over $17.61, the stock’s 50 day moving average and significantly above the 200 day moving average of $15.89. The 50 day moving average moved up $1.15 and the 200 day average moved up $2.87. Trading was light with 69K shares changing hands by the end of trading on Wednesday. Overall, volume was down 65.60% under the stocks normal daily volume.
Investors are a little more bullish on shares of Freightcar America, Inc. recently as evidenced by the change in short interest. The stock saw a fall in short interest of -4.38% as of August 31, 2017 from the last reporting period. Short shares decreased from 414,227 to 396,067 over that timeframe. The days to cover increased to 6.0 and the short interest percentage is 0.03% as of August 31.
A few notable investment firms have updated their holdings. Malaga Cove Capital, LLC expanded its ownership by buying 700 shares an increase of 3.0% from 03/31/2017 to 06/30/2017. Malaga Cove Capital, LLC currently owns 23,676 shares with a value of $413,000. The value of the position overall is up by 45.9%. Lombardia Capital Partners LLC added to its position by buying 11,979 shares an increase of 79.5% in the quarter. Lombardia Capital Partners LLC owns 27,046 shares valued at $339,000. The total value of its holdings increased 56.2%.
As of quarter end Spot Trading L.l.c had acquired a total of 7,571 shares growing its position 204.6%. The value in dollars increased from $58,000 to $141,000 increasing 143.1% quarter to quarter. As of the end of the quarter Ubs Group Ag had sold 437 shares trimming its holdings by 81.4%. The value of the investment in (RAIL) went from $7,000 to $2,000 a change of $5,000 since the last quarter.
In the market the company is trading down from yesterday’s close of 18.82. Freightcar America, Inc. also recently declared a dividend for shareholders that was paid on Wednesday the 24th of May 2017. The dividend was $0.090 per share for the quarter which comes to $0.36 on an annualized basis. This dividend amount was represent a yield of $2.01. The ex-dividend date was set for Tuesday the 15th of August 2017.
Freightcar America, Inc. currently has a P/E ratio of 721.54 and the market cap of the company is 233.15M. As of the last earnings report the EPS was $0.03 and is expected to be $-0.21 for the current year with 12,428,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $-0.16 and the next full year EPS is anticipated to be $-0.20.
FreightCar America, Inc., launched on March 15, 2005, is a manufacturer of railcars and railcar components. The Company operates in the Manufacturing segment. The Company designs and manufactures a range of railcar types for transportation of bulk commodities and containerized freight products primarily in North America, including open top hoppers, covered hoppers, and gondolas along with intermodal and non-intermodal flat cars. The Company manufactures aluminum-bodied railcars, including coal cars. The Manufacturing segment includes new railcar manufacturing, used railcar sales, railcar leasing and major railcar rebuilds. The Business’s railcar manufacturing facilities are located in Cherokee, Alabama (Shoals), Danville, Illinois and Roanoke, Virginia..