Core Molding Technologies (NYSEAMERICAN:CMT) Stock Passes Above 50 Day Moving Average - Here's Why

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT - Get Free Report)'s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $0.00 and traded as high as $13.36. Core Molding Technologies shares last traded at $13.17, with a volume of 107,285 shares traded.

Core Molding Technologies Price Performance

The company has a quick ratio of 1.98, a current ratio of 2.41 and a debt-to-equity ratio of 0.14. The stock has a market cap of $118.00 million, a PE ratio of 7.44 and a beta of 1.74.

Insider Transactions at Core Molding Technologies

In related news, CEO David L. Duvall sold 4,500 shares of Core Molding Technologies stock in a transaction on Thursday, December 26th. The stock was sold at an average price of $16.47, for a total transaction of $74,115.00. Following the completion of the sale, the chief executive officer now directly owns 238,841 shares of the company's stock, valued at $3,933,711.27. The trade was a 1.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold a total of 33,590 shares of company stock worth $549,863 over the last 90 days. 13.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pacific Ridge Capital Partners LLC bought a new stake in shares of Core Molding Technologies in the fourth quarter valued at about $1,985,000. Tieton Capital Management LLC raised its holdings in Core Molding Technologies by 58.9% during 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 in the last quarter. Segall Bryant & Hamill LLC bought a new stake in Core Molding Technologies during the fourth quarter worth about $1,121,000. Raymond James Financial Inc. bought a new stake in Core Molding Technologies during the fourth quarter worth about $676,000. Finally, Mackenzie Financial Corp bought a new stake in Core Molding Technologies during the fourth quarter worth about $446,000. 58.79% of the stock is 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.

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