FreightCar America Stock Gaps Up On Today's Open (RAIL)

NEW YORK ( TheStreet) -- Shares of FreightCar America (Nasdaq: RAIL) were gapping up Friday morning with an open price 14.6% higher than Thursday's closing price. The stock closed at $21.30 Thursday and opened today's trading at $24.40.

The average volume for FreightCar America has been 89,100 shares per day over the past 30 days. FreightCar America has a market cap of $256.7 million and is part of the services sector and transportation industry. Shares are up 1.7% year to date as of the close of trading on Thursday.

FreightCar America, Inc. designs and manufactures aluminum-bodied and steel-bodied railcars in North America. It builds coal cars, bulk commodity cars, flat cars, mill gondola cars, intermodal cars, coil steel cars, and motor vehicle carriers for transporting various products.

TheStreet Ratings rates FreightCar America as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including poor profit margins and a generally disappointing performance in the stock itself. You can view the full FreightCar America Ratings Report.

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