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Core Molding Technologies (NYSEAMERICAN:CMT) Shares Pass Above 50 Day Moving Average of $0.00

Defense World ·  Nov 23, 2022 05:02

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT – Get Rating) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.00 and traded as high as $11.05. Core Molding Technologies shares last traded at $10.91, with a volume of 6,205 shares.

Core Molding Technologies Stock Up 0.7 %

The company has a current ratio of 1.50, a quick ratio of 1.02 and a debt-to-equity ratio of 0.22. The firm has a market capitalization of $97.32 million, a P/E ratio of 28.71 and a beta of 2.15.

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Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CMT. HM Payson & Co. bought a new position in Core Molding Technologies during the 1st quarter worth about $35,000. Koss Olinger Consulting LLC bought a new position in Core Molding Technologies during the 1st quarter worth about $132,000. Royal Bank of Canada grew its holdings in Core Molding Technologies by 6.9% during the 3rd quarter. Royal Bank of Canada now owns 15,503 shares of the industrial products company's stock worth $154,000 after acquiring an additional 1,003 shares in the last quarter. State Street Corp lifted its position in shares of Core Molding Technologies by 16.4% during 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. Finally, Thompson Davis & CO. Inc. purchased a new stake in shares of Core Molding Technologies during the third quarter valued at about $571,000. 42.65% of the stock is currently owned by institutional investors.

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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