Core Molding Technologies (NYSEAMERICAN:CMT) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)’s share price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $0.00 and traded as high as $15.08. Core Molding Technologies shares last traded at $14.86, with a volume of 20,132 shares trading hands.

Core Molding Technologies Stock Down 0.6 %

The firm has a market cap of $132.34 million, a price-to-earnings ratio of 8.34 and a beta of 1.76. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.41 and a quick ratio of 1.98.

Core Molding Technologies (NYSEAMERICAN:CMT) last issued its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.13. The company had revenue of $72.99 million for the quarter, compared to analyst estimates of $71.57 million. Core Molding Technologies had a net margin of 4.95% and a return on equity of 10.76%. On average, research analysts anticipate that Core Molding Technologies, Inc. will post 1.64 EPS for the current fiscal year.

Insider Activity

In other Core Molding Technologies news, CEO David L. Duvall sold 13,919 shares of the firm’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $16.18, for a total value of $225,209.42. Following the completion of the sale, the chief executive officer now owns 257,512 shares of the company’s stock, valued at approximately $4,166,544.16. This trade represents a 5.13 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO John P. Zimmer sold 7,600 shares of the business’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $17.78, for a total value of $135,128.00. Following the sale, the chief financial officer now owns 107,959 shares in the company, valued at $1,919,511.02. The trade was a 6.58 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,190 shares of company stock worth $734,561. 13.10% of the stock is currently owned by company insiders.

Institutional Trading of Core Molding Technologies

Institutional investors have recently bought and sold shares of the stock. White Pine Capital LLC purchased a new stake in Core Molding Technologies during the 4th quarter valued at about $256,000. Stoneridge Investment Partners LLC purchased a new stake in Core Molding Technologies in the fourth quarter valued at approximately $189,000. Empowered Funds LLC boosted its position in Core Molding Technologies by 5.0% in the fourth quarter. Empowered Funds LLC now owns 37,974 shares of the industrial products company’s stock valued at $628,000 after buying an additional 1,792 shares during the last quarter. Barclays PLC increased its holdings in Core Molding Technologies by 278.9% in the 3rd quarter. Barclays PLC now owns 9,942 shares of the industrial products company’s stock worth $172,000 after buying an additional 7,318 shares during the period. Finally, Geode Capital Management LLC raised its position in Core Molding Technologies by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 174,999 shares of the industrial products company’s stock worth $3,012,000 after buying an additional 2,737 shares during the last quarter. 58.79% of the stock is currently 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.