Core Molding Technologies (NYSEAMERICAN:CMT) Stock Crosses Above 50 Day Moving Average - Should You Sell?

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT - Get Free Report)'s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.00 and traded as high as $15.52. Core Molding Technologies shares last traded at $15.52, with a volume of 40,335 shares trading hands.

Core Molding Technologies Stock Performance

The company has a market capitalization of $136.19 million, a P/E ratio of 8.59 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 - Get Free Report) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.23 by $0.13. The company had revenue of $72.99 million during the quarter, compared to the consensus estimate of $71.57 million. Core Molding Technologies had a net margin of 4.95% and a return on equity of 10.76%. Analysts forecast that Core Molding Technologies, Inc. will post 1.64 EPS for the current fiscal year.

Insider Buying and Selling at Core Molding Technologies

In other Core Molding Technologies news, CFO John P. Zimmer sold 7,600 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $17.78, for a total transaction of $135,128.00. Following the completion of the sale, the chief financial officer now directly owns 107,959 shares of the company's stock, valued at approximately $1,919,511.02. The trade was a 6.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO David L. Duvall sold 2,000 shares of the firm's stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $16.55, for a total value of $33,100.00. Following the completion of the transaction, the chief executive officer now owns 284,381 shares in the company, valued at $4,706,505.55. This represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 44,190 shares of company stock valued at $734,561. Company insiders own 13.10% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Rhumbline Advisers lifted its holdings in Core Molding Technologies by 8.4% during the second quarter. Rhumbline Advisers now owns 11,174 shares of the industrial products company's stock worth $178,000 after acquiring an additional 866 shares during the period. State Street Corp raised its stake in shares of Core Molding Technologies by 0.8% during the 3rd quarter. State Street Corp now owns 157,430 shares of the industrial products company's stock worth $2,709,000 after purchasing an additional 1,267 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in shares of Core Molding Technologies in the 2nd quarter worth about $27,000. Empowered Funds LLC boosted its holdings in shares of Core Molding Technologies by 5.1% in the 3rd quarter. Empowered Funds LLC now owns 36,182 shares of the industrial products company's stock worth $623,000 after buying an additional 1,742 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Core Molding Technologies by 5.3% during the second quarter. Bank of New York Mellon Corp now owns 36,724 shares of the industrial products company's stock valued at $585,000 after buying an additional 1,856 shares during the period. 58.79% of the stock is 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.