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

Shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT - Get Free Report) passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.00 and traded as high as $16.40. Core Molding Technologies shares last traded at $16.13, with a volume of 19,801 shares changing hands.

Analysts Set New Price Targets

Separately, StockNews.com upgraded 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 stock has a market capitalization of $142.11 million, a PE ratio of 9.11 and a beta of 1.69. The company has a quick ratio of 1.98, a current ratio of 2.41 and a debt-to-equity ratio of 0.14.

Core Molding Technologies (NYSEAMERICAN:CMT - Get Free Report) last posted 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 return on equity of 10.76% and a net margin of 4.95%. The company had revenue of $72.99 million during the quarter, compared to the consensus estimate of $71.57 million. As a group, research analysts predict that Core Molding Technologies, Inc. will post 1.64 EPS for the current year.

Insider Buying and Selling at Core Molding Technologies

In related news, CFO John P. Zimmer sold 13,653 shares of the business's stock in a transaction on Monday, August 26th. The stock was sold at an average price of $18.30, for a total transaction of $249,849.90. Following the sale, the chief financial officer now owns 115,559 shares in the company, valued at $2,114,729.70. The trade was a 10.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO David L. Duvall sold 20,000 shares of Core Molding Technologies stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $18.29, for a total value of $365,800.00. Following the completion of the sale, the chief executive officer now owns 338,227 shares of the company's stock, valued at approximately $6,186,171.83. The trade was a 5.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 37,749 shares of company stock worth $690,758. Corporate insiders own 13.10% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Core Molding Technologies by 12.8% during the 1st quarter. Vanguard Group Inc. now owns 434,726 shares of the industrial products company's stock valued at $8,229,000 after acquiring an additional 49,501 shares during the period. Tieton Capital Management LLC grew its stake in shares of 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 acquiring an additional 104,515 shares during the period. American Century Companies Inc. lifted its holdings in Core Molding Technologies by 19.1% in the second quarter. American Century Companies Inc. now owns 176,950 shares of the industrial products company's stock valued at $2,821,000 after acquiring an additional 28,376 shares during the period. Geode Capital Management LLC increased its holdings in Core Molding Technologies by 1.6% during the third quarter. Geode Capital Management LLC now owns 174,999 shares of the industrial products company's stock valued at $3,012,000 after buying an additional 2,737 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in Core Molding Technologies by 9.2% during the second quarter. Allspring Global Investments Holdings LLC now owns 168,168 shares of the industrial products company's stock valued at $2,681,000 after purchasing an additional 14,181 shares in the last quarter. 58.79% of the stock is currently owned by hedge funds and other institutional investors.

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.