A Director at Freightcar America (NASDAQ: RAIL) is Buying Shares

By Carrie Williams

Today, a Director at Freightcar America (NASDAQ: RAIL), Andrew Schmitt, bought shares of RAIL for $115.9K.

This recent transaction increases Andrew Schmitt’s holding in the company by 43.37% to a total of $363.5K.

The company has a one year high of $24.95 and a one year low of $10.87. RAIL’s market cap is $160M and the company has a P/E ratio of 6.64. Currently, Freightcar America has an average volume of 314.1K.

Four different firms, including Longbow Research and Sterne Agee CRT, currently also have a Buy rating on the stock.

The insider sentiment on Freightcar America has been positive according to 19 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

FreightCar America, Inc. is a holding company, which manufactures railcars and railcar components. It designs and produces aluminum, steel and stainless steel bodied railcars along with hybrid steel that transports bulk commodities, containerized freight and other products. The firm offers Woodship Cars, Well Car, VersaFlood Hybrid Car, VersaCoil Triple Hopper, Small Cube Covered Hopper, Quad Hopper, Ore, Mill Gondola, Medium Cube Covered Hopper, Hybrid Centerbeam, Hybrid BethGon, Flat Cars, Dynastack 53, Dynastack 40, Ballast, AutoFlood III Aluminum Hopper Car, AutoFlood II Aluminum Hopper Car, Articulated Bulk Container, Aluminum BethGon II AeroFlo, Aluminum BethGon II, and Aggregate. The company was founded in 1901 and is headquartered in Chicago, IL