FreightCar America Stock Gaps Up On Today's Open (RAIL)
Shares of FreightCar America (Nasdaq:RAIL) were gapping up Tuesday morning with an open price 15.6% higher than Monday's closing price. The stock closed at $20.76 yesterday and opened today's trading at $24.
NEW YORK ( TheStreet) -- Shares of FreightCar America (Nasdaq: RAIL) were gapping up Tuesday morning with an open price 15.6% higher than Monday's closing price. The stock closed at $20.76 Monday and opened today's trading at $24. The average volume for FreightCar America has been 200,000 shares per day over the past 30 days. FreightCar America has a market cap of $248.9 million and is part of the services sector and transportation industry. Shares are down 0.9% year to date as of the close of trading on Monday. FreightCar America, Inc., through its subsidiaries, designs, manufactures, and sells railroad freight cars primarily for railroads, shippers, and financial institutions in North America. The company has a P/E ratio of 50.7, equal to the average transportation industry P/E ratio and above the S&P 500 P/E ratio of 17.7. 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 impressive record of earnings per share growth. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and poor profit margins. You can view the full FreightCar America Ratings Report. Get more investment ideas from our investment research center.