Freightcar America (NASDAQ:RAIL) Cut to “Sell” at Wall Street Zen

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

Several other brokerages also recently commented on RAIL. Weiss Ratings downgraded Freightcar America from a “hold (c)” rating to a “sell (d)” rating in a report on Tuesday, August 4th. Zacks Research cut shares of Freightcar America from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 21st. Two equities research analysts have rated the stock with a Sell rating. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell”.

Freightcar America Stock Performance

Shares of NASDAQ RAIL opened at $4.12 on Friday. The company has a debt-to-equity ratio of 2.70, a quick ratio of 1.12 and a current ratio of 1.81. The firm has a market cap of $135.09 million, a price-to-earnings ratio of -7.63 and a beta of 1.42. The business’s 50-day simple moving average is $6.31 and its 200-day simple moving average is $8.59. Freightcar America has a 52 week low of $3.85 and a 52 week high of $14.90.

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

Institutional Investors Weigh In On Freightcar America

Hedge funds and other institutional investors have recently made changes to their positions in the business. North Star Investment Management Corp. grew its holdings in Freightcar America by 28.8% in the 3rd quarter. North Star Investment Management Corp. now owns 172,400 shares of the transportation company’s stock valued at $1,164,000 after buying an additional 38,600 shares during the last quarter. Oppenheimer & Co. Inc. bought a new position in Freightcar America in the 3rd quarter worth approximately $183,000. Nwam LLC bought a new position in Freightcar America in the 2nd quarter worth approximately $3,123,000. Sigma Planning Corp acquired a new position in shares of Freightcar America during the second quarter worth approximately $111,000. Finally, Penn Capital Management Company LLC lifted its holdings in shares of 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 buying an additional 194,684 shares during the last quarter. 31.96% of the stock is owned by institutional investors and hedge funds.

About Freightcar America

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.