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Core Molding Technologies (NYSEAMERICAN:CMT) Stock Price Passes Above 50-Day Moving Average - Time to Sell?

Core Molding Technologies logo with Industrials background

Shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT - Get Free Report) passed 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 $15.36. Core Molding Technologies shares last traded at $15.25, with a volume of 18,352 shares traded.

Analyst Ratings Changes

Separately, Roth Capital set a $22.00 price objective on Core Molding Technologies in a research note on Wednesday, March 12th.

Check Out Our Latest Analysis on CMT

Core Molding Technologies Trading Up 0.4 %

The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.98 and a current ratio of 2.41. The firm has a market cap of $135.79 million, a PE ratio of 8.62 and a beta of 1.74.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. American Century Companies Inc. raised its holdings in shares of Core Molding Technologies by 0.6% during the fourth quarter. American Century Companies Inc. now owns 198,994 shares of the industrial products company's stock valued at $3,291,000 after purchasing an additional 1,191 shares during the last quarter. State Street Corp lifted its holdings in Core Molding Technologies by 0.8% in the third quarter. State Street Corp now owns 157,430 shares of the industrial products company's stock valued at $2,709,000 after acquiring an additional 1,267 shares during the period. Bridgeway Capital Management LLC boosted its position in Core Molding Technologies by 1.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 106,674 shares of the industrial products company's stock worth $1,764,000 after purchasing an additional 1,292 shares during the last quarter. Barclays PLC grew its stake in shares of Core Molding Technologies by 14.3% during the 4th quarter. Barclays PLC now owns 11,368 shares of the industrial products company's stock valued at $188,000 after purchasing an additional 1,426 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Core Molding Technologies by 7.3% during the 4th quarter. Bank of America Corp DE now owns 23,345 shares of the industrial products company's stock valued at $386,000 after purchasing an additional 1,585 shares during the last quarter. Institutional investors own 58.79% of the company's stock.

Core Molding Technologies Company Profile

(Get Free Report)

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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