Core Molding Technologies (NYSEAMERICAN:CMT) Stock Price Passes Above 50-Day Moving Average of $0.00

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) shares crossed 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 $17.56. Core Molding Technologies shares last traded at $17.47, with a volume of 42,866 shares.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Core Molding Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 29th.

Core Molding Technologies Stock Up 2.9 %

The company has a market cap of $153.04 million, a P/E ratio of 8.40 and a beta of 1.67. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.86 and a current ratio of 2.28.

Core Molding Technologies (NYSEAMERICAN:CMT) last posted its earnings results on Tuesday, August 6th. The industrial products company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.31. The company had revenue of $88.74 million for the quarter, compared to analyst estimates of $78.75 million. Core Molding Technologies had a return on equity of 12.14% and a net margin of 5.11%. Research analysts forecast that Core Molding Technologies, Inc. will post 1.53 EPS for the current fiscal year.

Insider Activity at Core Molding Technologies

In other Core Molding Technologies news, CEO David L. Duvall sold 20,000 shares of Core Molding Technologies stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $18.29, for a total value of $365,800.00. Following the completion of the sale, the chief executive officer now directly owns 338,227 shares of the company’s stock, valued at approximately $6,186,171.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CFO John P. Zimmer sold 13,653 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $18.30, for a total value of $249,849.90. Following the transaction, the chief financial officer now directly owns 115,559 shares in the company, valued at approximately $2,114,729.70. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO David L. Duvall sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $18.29, for a total transaction of $365,800.00. Following the completion of the transaction, the chief executive officer now owns 338,227 shares in the company, valued at approximately $6,186,171.83. The disclosure for this sale can be found here. Insiders have sold a total of 71,720 shares of company stock valued at $1,302,482 over the last quarter. Insiders own 13.10% of the company’s stock.

Hedge Funds Weigh In On Core Molding Technologies

Several hedge funds and other institutional investors have recently bought and sold shares of CMT. Tieton Capital Management LLC raised its position in shares of Core Molding Technologies by 151.9% in the 2nd quarter. Tieton Capital Management LLC now owns 177,521 shares of the industrial products company’s stock valued at $2,830,000 after purchasing an additional 107,041 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings in Core Molding Technologies by 1.5% during the 2nd quarter. Diamond Hill Capital Management Inc. now owns 135,281 shares of the industrial products company’s stock worth $2,156,000 after acquiring an additional 2,039 shares in the last quarter. American Century Companies Inc. increased its position in shares of Core Molding Technologies by 19.1% in the 2nd quarter. American Century Companies Inc. now owns 176,950 shares of the industrial products company’s stock worth $2,821,000 after purchasing an additional 28,376 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of Core Molding Technologies in the 2nd quarter valued at about $27,000. Finally, LSV Asset Management bought a new position in shares of Core Molding Technologies during the second quarter worth about $36,000. 58.79% of the stock is owned by institutional investors and hedge funds.

About Core Molding Technologies

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.