Freightcar America (NASDAQ:RAIL) Downgraded by Wall Street Zen to Sell

Wall Street Zen cut shares of Freightcar America (NASDAQ:RAIL) from a hold rating to a sell rating in a research report report published on Saturday,Wall Street Zen reports.

Several other research analysts have also recently weighed in on the company. Weiss Ratings cut Freightcar America from a “hold (c)” rating to a “sell (d)” rating in a report on Tuesday, August 4th. Zacks Research lowered Freightcar America from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 21st. Two analysts have rated the stock with a Sell rating. Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

Freightcar America Price Performance

NASDAQ:RAIL opened at $4.17 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.81 and a debt-to-equity ratio of 2.70. Freightcar America has a 52 week low of $3.85 and a 52 week high of $14.90. The stock’s 50-day moving average price is $6.38 and its 200-day moving average price is $8.63. The stock has a market capitalization of $136.73 million, a PE ratio of -7.72 and a beta of 1.42.

Freightcar America (NASDAQ:RAIL) last posted its quarterly earnings data on Monday, August 3rd. The transportation company reported ($0.02) EPS for the quarter. Freightcar America had a negative net margin of 2.69% and a negative return on equity of 15.23%. The business had revenue of $113.14 million during the quarter, compared to analysts’ expectations of $110.41 million. As a group, equities analysts expect that Freightcar America will post -0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Freightcar America

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. North Star Investment Management Corp. grew its stake in shares of Freightcar America by 28.8% during the third quarter. North Star Investment Management Corp. now owns 172,400 shares of the transportation company’s stock worth $1,164,000 after purchasing an additional 38,600 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of Freightcar America during the 3rd quarter worth about $183,000. Nwam LLC purchased a new stake in Freightcar America during the second quarter worth approximately $3,123,000. Sigma Planning Corp purchased a new position in Freightcar America in the second quarter valued at approximately $111,000. Finally, Penn Capital Management Company LLC raised its holdings in Freightcar America by 134.7% during the second quarter. Penn Capital Management Company LLC now owns 339,200 shares of the transportation company’s stock worth $3,304,000 after purchasing an additional 194,684 shares in the last quarter. Hedge funds and other institutional investors own 31.96% of the company’s stock.

Freightcar America Company Profile

FreightCar America, Inc designs and manufactures freight railcars for the North American rail transportation industry. Its product portfolio has included aluminum and steel railcars, such as open-top hopper cars, gondolas, flat cars and other specialized freight equipment used to transport coal, aggregates, metals, agricultural products and other bulk commodities.

The company serves major railroads, railcar leasing companies and industrial shippers. Its railcars are designed for applications that require durable, high-capacity equipment, with product offerings tailored to commodity transportation and intermodal or specialized freight needs.

FreightCar America traces its roots to the early 1900s and has historically operated manufacturing and engineering activities in the United States and Mexico.