FreightCar America, Inc. (Nasdaq:RAIL)
November 7th, 2018
Amidst rising markets FreightCar America, Inc. finished up $0.42 Wednesday, a 4.41% increase, closing at $9.94. Despite ending the day higher, FreightCar America, Inc. hit a new 52 week low of $9.40, breaking the previous low of $9.51 from earlier this month. FreightCar America, Inc. swung 9.79% between low and high. Be aware that the Piotroski Score1 is calculated to be 1, which is very low as the scale goes from 0-9. This is considered to be a weak score in terms of financial strength.
RAIL outperformed the rest of the Industrials sector which went up 1.68% today.
Results from 4 analysts suggest that FreightCar America, Inc. could grow significantly (63%), while Finbox has calculated (with very high uncertainty) a fair value price of $12.12.
Wednesday saw a swing up in all sectors of the market with Consumer Discretionary leading the charge with a 3.12% gain. Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector dropping 7.75%.
- Consumer Discretionary went up with a 3.12% change.
- Healthcare went up with a 2.94% change.
- Information Technology went up with a 2.88% change.
- Communication Services went up with a 1.93% change.
- Materials went up with a 1.90% change.
- Industrials went up with a 1.68% change.
- Energy went up with a 1.61% change.
- Financials went up with a 1.34% change.
- Real Estate went up with a 1.14% change.
- Utilities went up with a 1.08% change.
- Consumer Staples went up with a 0.56% change.
FreightCar America is based in Chicago. was founded in 1901.
FreightCar America, Inc. Info
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. It also provides stainless steel and hybrid stainless steel, and aluminum-bodied railcars, such as coal cars; and mill gondolas, coil gondolas, triple hoppers, ore hoppers and gondola railcars, ballast hopper cars, aggregate hopper cars, boxcars, woodchip hoppers, aluminum vehicle carriers, and articulated bulk container railcars. In addition, the company leases freight cars; refurbishes and rebuilds railcars; and sells forged, cast, and fabricated parts for various railcars. It also exports its manufactured railcars to Latin America and the Middle East. The company’s customers primarily include railroads, shippers, and financial institutions. FreightCar America, Inc. was founded in 1901 and is headquartered in Chicago, Illinois.
All amounts in USD unless otherwise indicated
(1) The Piotrosky score is used to determine the best value stocks with nine being the best and zero being the worst. It is based on specific aspects of the company’s financial statements, such as positive net income, operating cash flow and asset turnover ratio. A score 0 0 is the worst (FreightCar America, Inc.’s score is ), and 9 is the best.
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