Core Molding Technologies, Inc. (NYSEAMERICAN:CMT – Get Rating) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.00 and traded as high as $14.35. Core Molding Technologies shares last traded at $13.72, with a volume of 32,536 shares trading hands.
Wall Street Analyst Weigh In
Separately, TheStreet raised shares of Core Molding Technologies from a "c" rating to a "b-" rating in a report on Friday, December 30th.
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Core Molding Technologies Stock Down 3.1 %
The company has a market cap of $122.38 million, a price-to-earnings ratio of 14.75 and a beta of 1.87. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.05 and a current ratio of 1.50.
Core Molding Technologies (NYSEAMERICAN:CMT – Get Rating) last announced its quarterly earnings data on Tuesday, November 8th. The industrial products company reported $0.35 earnings per share for the quarter. Core Molding Technologies had a return on equity of 8.95% and a net
margin of 2.15%. The company had revenue of $101.61 million for the quarter.
Hedge Funds Weigh In On Core Molding Technologies
Several large investors have recently modified their holdings of the business. Koss Olinger Consulting LLC boosted its holdings in Core Molding Technologies by 24.5% in the third quarter. Koss Olinger Consulting LLC now owns 19,121 shares of the industrial products company's stock valued at $190,000 after purchasing an additional 3,767 shares during the period. Royal Bank of Canada increased its stake in Core Molding Technologies by 6.9% in the third quarter. Royal Bank of Canada now owns 15,503 shares of the industrial products company's stock valued at $154,000 after purchasing an additional 1,003 shares during the last quarter. Gendell Jeffrey L grew its position in shares of Core Molding Technologies by 0.9% in the 3rd quarter. Gendell Jeffrey L now owns 295,141 shares of the industrial products company's stock valued at $2,931,000 after buying an additional 2,582 shares during the last quarter. Thompson Davis & CO. Inc. purchased a new stake in shares of Core Molding Technologies in the 3rd quarter valued at about $571,000. Finally, State Street Corp lifted its stake in Core Molding Technologies by 16.4% in the first quarter. State Street Corp now owns 19,561 shares of the industrial products company's stock valued at $210,000 after buying an additional 2,753 shares during the last quarter. Institutional investors and hedge funds own 41.73% of the company's stock.
About Core Molding Technologies
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Core Molding Technologies, Inc, together with its subsidiaries, operates as a molder of thermoplastic and thermoset structural products. The company offers a range of manufacturing processes that include compression molding of sheet molding compound, resin transfer molding, liquid molding of dicyclopentadiene, spray-up and hand-lay-up, direct long-fiber thermoplastics, and structural foam and structural web injection molding.
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