Core Molding Technologies, Inc. (NYSEAMERICAN:CMT – Get Rating)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $18.10 and trades as high as $19.35. Core Molding Technologies shares last traded at $19.16, with a volume of 75,053 shares.
Analyst Ratings Changes
Several brokerages have recently issued reports on CMT. StockNews.com upgraded Core Molding Technologies from a “buy” rating to a “strong-buy” rating in a research note on Thursday, May 11th. EF Hutton Acquisition Co. I boosted their target price on Core Molding Technologies from $16.00 to $19.00 and gave the stock a “buy” rating in a research note on Tuesday, March 14th.
Core Molding Technologies Price Performance
The business’s 50-day simple moving average is $18.10 and its two-hundred day simple moving average is $14.61. The stock has a market cap of $174.55 million, a price-to-earnings ratio of 11.61 and a beta of 1.79. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.71 and a quick ratio of 1.24.
Core Molding Technologies (NYSEAMERICAN:CMT – Get Rating) last released its quarterly earnings data on Tuesday, March 14th. The industrial products company reported $0.57 earnings per share for the quarter. Core Molding Technologies has a return on equity of 13.89% and a net margin of 3.67%. The company had revenue of $86.44 million for the quarter.
Insider Buying and Selling at Core Molding Technologies
In other news, EVP Eric Palomaki sold 5,000 shares of Core Molding Technologies stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $20.50, for a total transaction of $102,500.00. Following the transaction, the executive vice president now owns 152,348 shares in the company, valued at $3,123,134. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Core Molding Technologies news, Director Matthew Jauchius sold 3,101 shares of the stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $20.59, for a total transaction of $63,849.59. Following the completion of the sale, the director now owns 67,025 shares of the company’s stock, valued at approximately $1,380,044.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Eric Palomaki sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $20.50, for a total transaction of $102,500.00. Following the transaction, the executive vice president now owns 152,348 shares of the company’s stock, valued at approximately $3,123,134. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,874 shares of company stock worth $609,946. 15.80% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Core Molding Technologies
Several large investors have recently modified their holdings of CMT. Acadian Asset Management LLC increased its position in shares of Core Molding Technologies by 824.6% during the first quarter. Acadian Asset Management LLC now owns 101,771 shares of the industrial products company’s stock worth $1,828,000 after buying an additional 90,764 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Core Molding Technologies during the first quarter worth $1,287,000. Renaissance Technologies LLC boosted its stake in Core Molding Technologies by 11.8% during the first quarter. Renaissance Technologies LLC now owns 525,864 shares of the industrial products company’s stock worth $9,460,000 after acquiring an additional 55,605 shares in the last quarter. Ameriprise Financial Inc. bought a new position in Core Molding Technologies during the first quarter worth $760,000. Finally, Jane Street Group LLC bought a new position in Core Molding Technologies during the first quarter worth $612,000. 40.67% of the stock is currently owned by institutional investors and hedge funds.
Core Molding Technologies Company Profile
Core Molding Technologies, Inc. engages in manufacturing of sheet molding compound and molding of fiberglass reinforced plastics. It focuses on producing large-format moldings and offers a range of fiberglass processes, spray-up, hand-lay-up, and resin transfer molding. The company was founded in 1996 and is headquartered in Columbus, OH.
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