Core Molding Technologies (NYSEAMERICAN:CMT) Share Price Passes Above 50 Day Moving Average - What's Next?

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 $17.34. Core Molding Technologies shares last traded at $17.32, with a volume of 23,813 shares trading hands.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Core Molding Technologies from a "buy" rating to a "strong-buy" rating in a research report on Monday, July 29th.

Core Molding Technologies Stock Down 1.4 %

The company has a debt-to-equity ratio of 0.14, a current ratio of 2.28 and a quick ratio of 1.86. The company has a market capitalization of $149.53 million, a price-to-earnings ratio of 8.98 and a beta of 1.67.

Core Molding Technologies (NYSEAMERICAN:CMT - Get Free Report) last announced its quarterly 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. The business had revenue of $88.74 million for the quarter, compared to analysts' expectations of $78.75 million. Core Molding Technologies had a net margin of 5.11% and a return on equity of 12.14%. On average, equities analysts anticipate that Core Molding Technologies, Inc. will post 1.53 earnings per share for the current fiscal year.

Insider Activity at Core Molding Technologies

In related news, EVP Renee R. Anderson sold 11,380 shares of the firm's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $17.89, for a total value of $203,588.20. Following the completion of the sale, the executive vice president now directly owns 52,799 shares in the company, valued at $944,574.11. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO John P. Zimmer sold 13,653 shares of the stock in a transaction that occurred on Monday, August 26th. The stock was sold at an average price of $18.30, for a total value of $249,849.90. Following the sale, the chief financial officer now directly owns 115,559 shares in the company, valued at approximately $2,114,729.70. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Renee R. Anderson sold 11,380 shares of the firm's stock in a transaction that occurred on Monday, August 19th. The stock was 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 $944,574.11. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 73,411 shares of company stock valued at $1,333,020 over the last 90 days. 13.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Core Molding Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in shares of Core Molding Technologies by 12.8% in the 1st quarter. Vanguard Group Inc. now owns 434,726 shares of the industrial products company's stock valued at $8,229,000 after purchasing an additional 49,501 shares in the last quarter. Tieton Capital Management LLC raised its holdings in Core Molding Technologies by 151.9% in the second quarter. Tieton Capital Management LLC now owns 177,521 shares of the industrial products company's stock worth $2,830,000 after purchasing an additional 107,041 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Core Molding Technologies by 19.1% during 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 buying an additional 28,376 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Core Molding Technologies by 9.2% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 168,168 shares of the industrial products company's stock valued at $2,681,000 after buying an additional 14,181 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its position in shares of Core Molding Technologies by 1.5% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 135,281 shares of the industrial products company's stock worth $2,156,000 after buying an additional 2,039 shares during the last quarter. Institutional investors own 58.79% of the company's stock.

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.