Core Molding Technologies (NYSEAMERICAN:CMT) Share Price Crosses Above 50-Day Moving Average – Time to Sell?

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $0.00 and traded as high as $17.34. Core Molding Technologies shares last traded at $17.32, with a volume of 23,813 shares trading hands.

Wall Street Analysts Forecast Growth

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

Core Molding Technologies Stock Performance

The company has a market cap of $151.72 million, a price-to-earnings ratio of 8.85 and a beta of 1.67. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.28 and a quick ratio of 1.86.

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

Insider Buying and Selling

In other news, EVP Renee R. Anderson sold 11,380 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $17.89, for a total value of $203,588.20. Following the completion of the transaction, the executive vice president now owns 52,799 shares of the company’s stock, valued at $944,574.11. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, CEO David L. Duvall sold 11,000 shares of the firm’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $17.94, for a total transaction of $197,340.00. Following the sale, the chief executive officer now owns 376,377 shares in the company, valued at approximately $6,752,203.38. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Renee R. Anderson sold 11,380 shares of Core Molding Technologies stock in a transaction on Monday, August 19th. The shares were sold at an average price of $17.89, for a total transaction of $203,588.20. Following the completion of the transaction, the executive vice president now directly owns 52,799 shares of the company’s stock, valued at $944,574.11. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 73,411 shares of company stock valued at $1,333,020 over the last 90 days. Insiders own 13.10% of the company’s stock.

Institutional Investors Weigh In On Core Molding Technologies

A number of institutional investors have recently modified their holdings of the business. Vanguard Group Inc. increased its holdings in Core Molding Technologies by 12.8% in the 1st quarter. Vanguard Group Inc. now owns 434,726 shares of the industrial products company’s stock worth $8,229,000 after acquiring an additional 49,501 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its position in shares of Core Molding Technologies by 187.4% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 76,321 shares of the industrial products company’s stock worth $1,445,000 after purchasing an additional 49,764 shares during the last quarter. American Century Companies Inc. lifted its stake in 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 valued at $2,821,000 after buying an additional 28,376 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Core Molding Technologies by 45.1% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 153,987 shares of the industrial products company’s stock valued at $2,915,000 after buying an additional 47,826 shares in the last quarter. Finally, Acadian Asset Management LLC boosted its holdings in Core Molding Technologies by 34.9% in the 2nd quarter. Acadian Asset Management LLC now owns 63,876 shares of the industrial products company’s stock worth $1,017,000 after buying an additional 16,516 shares during the last quarter. 58.79% of the stock is currently owned by institutional investors and hedge funds.

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.