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

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT - Get Free Report)'s stock price passed 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 $16.73. Core Molding Technologies shares last traded at $16.67, with a volume of 128,495 shares trading hands.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of 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 $148.83 million, a price-to-earnings ratio of 8.15 and a beta of 1.67. The company has a quick ratio of 1.86, a current ratio of 2.28 and a debt-to-equity ratio of 0.14.

Core Molding Technologies (NYSEAMERICAN:CMT - Get Free Report) last released its earnings results on Tuesday, August 6th. The industrial products company reported $0.73 EPS for the quarter, topping the consensus estimate of $0.42 by $0.31. Core Molding Technologies had a net margin of 5.11% and a return on equity of 12.14%. The company had revenue of $88.74 million during the quarter, compared to analysts' expectations of $78.75 million. Equities analysts predict that Core Molding Technologies, Inc. will post 1.53 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Core Molding Technologies news, EVP Renee R. Anderson sold 13,282 shares of the stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $18.17, for a total value of $241,333.94. Following the completion of the transaction, the executive vice president now directly owns 64,517 shares of the company's stock, valued at approximately $1,172,273.89. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. In related news, EVP Renee R. Anderson sold 11,380 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $17.89, for a total value of $203,588.20. Following the sale, the executive vice president now directly owns 52,799 shares of the company's stock, valued at approximately $944,574.11. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Renee R. Anderson sold 13,282 shares of Core Molding Technologies stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $18.17, for a total transaction of $241,333.94. Following the transaction, the executive vice president now owns 64,517 shares of the company's stock, valued at approximately $1,172,273.89. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 73,411 shares of company stock worth $1,333,020. Corporate insiders own 13.10% of the company's stock.

Institutional Trading of Core Molding Technologies

A number of large investors have recently made changes to their positions in CMT. Ashton Thomas Private Wealth LLC purchased a new position in Core Molding Technologies during the second quarter worth about $27,000. LSV Asset Management acquired a new position in shares of Core Molding Technologies during the 2nd quarter valued at $36,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Core Molding Technologies in the first quarter worth about $155,000. Rhumbline Advisers grew its position in Core Molding Technologies by 8.4% in the second quarter. Rhumbline Advisers now owns 11,174 shares of the industrial products company's stock valued at $178,000 after acquiring an additional 866 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Core Molding Technologies by 4.9% in the 1st quarter. BNP Paribas Financial Markets now owns 12,593 shares of the industrial products company's stock worth $238,000 after buying an additional 593 shares in the last quarter. Institutional investors and hedge funds own 58.79% of the company's stock.

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.