Core Molding Technologies (NYSEAMERICAN:CMT) Share Price Crosses Above Fifty Day Moving Average - Here's What Happened

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT - Get Free Report) 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.

Core Molding Technologies Trading Up 0.5 %

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 stock has a market capitalization of $133.77 million, a P/E ratio of 8.42 and a beta of 1.76.

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

Insider Transactions at Core Molding Technologies

In other Core Molding Technologies news, CEO David L. Duvall sold 4,500 shares of Core Molding Technologies stock in a transaction that occurred on Thursday, December 26th. The shares were sold at an average price of $16.47, for a total value of $74,115.00. Following the completion of the sale, the chief executive officer now owns 238,841 shares of the company's stock, valued at approximately $3,933,711.27. The trade was a 1.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO John P. Zimmer sold 7,600 shares of the company's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $17.78, for a total value of $135,128.00. Following the completion of the sale, the chief financial officer now owns 107,959 shares of the company's stock, valued at $1,919,511.02. This trade represents a 6.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,190 shares of company stock worth $734,561. Company insiders own 13.10% of the company's stock.

Institutional Trading of Core Molding Technologies

Institutional investors and hedge funds have recently bought and sold shares of the stock. Inspire Advisors LLC purchased a new stake in Core Molding Technologies during the third quarter valued at $326,000. Diamond Hill Capital Management Inc. lifted its stake in shares of Core Molding Technologies by 10.4% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 149,320 shares of the industrial products company's stock valued at $2,570,000 after purchasing an additional 14,039 shares during the last quarter. Royce & Associates LP increased its position in shares of Core Molding Technologies by 7.2% during the 3rd quarter. Royce & Associates LP now owns 149,244 shares of the industrial products company's stock valued at $2,568,000 after purchasing an additional 10,000 shares during the last quarter. Empowered Funds LLC raised its holdings in Core Molding Technologies by 5.1% during the 3rd quarter. Empowered Funds LLC now owns 36,182 shares of the industrial products company's stock valued at $623,000 after buying an additional 1,742 shares during the period. Finally, Tieton Capital Management LLC lifted its position in Core Molding Technologies by 58.9% in the third quarter. Tieton Capital Management LLC now owns 282,036 shares of the industrial products company's stock worth $4,854,000 after buying an additional 104,515 shares during the last quarter. 58.79% of the stock is currently owned by institutional investors.

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.