Core Molding Technologies (NYSEAMERICAN:CMT) Stock Rating Upgraded by StockNews.com

Core Molding Technologies (NYSEAMERICAN:CMT) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Tuesday.

Core Molding Technologies Stock Down 2.5 %

CMT stock opened at $19.06 on Tuesday. The company has a quick ratio of 1.75, a current ratio of 2.23 and a debt-to-equity ratio of 0.15. Core Molding Technologies has a one year low of $16.00 and a one year high of $30.09. The stock has a market cap of $174.40 million, a price-to-earnings ratio of 8.25 and a beta of 1.67.

Core Molding Technologies (NYSEAMERICAN:CMT) last posted its quarterly earnings data on Tuesday, March 12th. The industrial products company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.19. Core Molding Technologies had a net margin of 5.68% and a return on equity of 15.74%. The company had revenue of $73.78 million during the quarter, compared to analyst estimates of $69.60 million. As a group, equities research analysts predict that Core Molding Technologies will post 1.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Core Molding Technologies

Large investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP boosted its position in shares of Core Molding Technologies by 3.1% in the fourth quarter. First Trust Advisors LP now owns 20,217 shares of the industrial products company’s stock valued at $375,000 after acquiring an additional 599 shares during the period. Bank of America Corp DE boosted its position in shares of Core Molding Technologies by 51.4% in the first quarter. Bank of America Corp DE now owns 2,016 shares of the industrial products company’s stock valued at $36,000 after acquiring an additional 684 shares during the period. Rhumbline Advisers boosted its position in shares of Core Molding Technologies by 8.1% in the third quarter. Rhumbline Advisers now owns 9,917 shares of the industrial products company’s stock valued at $283,000 after acquiring an additional 744 shares during the period. Royal Bank of Canada boosted its position in shares of Core Molding Technologies by 2.2% in the third quarter. Royal Bank of Canada now owns 35,060 shares of the industrial products company’s stock valued at $999,000 after acquiring an additional 757 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in shares of Core Molding Technologies by 82.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company’s stock valued at $33,000 after acquiring an additional 797 shares during the period. Institutional investors own 58.79% of the company’s stock.

Core Molding Technologies Company Profile

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.