StockNews.com Downgrades Core Molding Technologies (NYSEAMERICAN:CMT) to Buy

StockNews.com cut shares of Core Molding Technologies (NYSEAMERICAN:CMT) from a strong-buy rating to a buy rating in a report released on Friday morning.

Core Molding Technologies Price Performance

Shares of NYSEAMERICAN CMT opened at $18.10 on Friday. The firm has a market cap of $163.62 million, a PE ratio of 6.88 and a beta of 1.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.93 and a quick ratio of 1.46. The firm has a fifty day moving average of $18.52. Core Molding Technologies has a fifty-two week low of $10.36 and a fifty-two week high of $30.09.

Insider Buying and Selling at Core Molding Technologies

In other Core Molding Technologies news, CEO David L. Duvall sold 6,098 shares of Core Molding Technologies stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $25.37, for a total value of $154,706.26. Following the completion of the transaction, the chief executive officer now directly owns 441,415 shares of the company’s stock, valued at approximately $11,198,698.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO David L. Duvall sold 15,000 shares of the business’s stock in a transaction on Monday, September 25th. The stock was sold at an average price of $28.03, for a total transaction of $420,450.00. Following the completion of the transaction, the chief executive officer now owns 412,646 shares of the company’s stock, valued at approximately $11,566,467.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO David L. Duvall sold 6,098 shares of the business’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $25.37, for a total value of $154,706.26. Following the transaction, the chief executive officer now directly owns 441,415 shares of the company’s stock, valued at approximately $11,198,698.55. The disclosure for this sale can be found here. Insiders sold 89,208 shares of company stock valued at $2,401,189 in the last three months. Corporate insiders own 15.80% of the company’s stock.

Hedge Funds Weigh In On Core Molding Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Denali Advisors LLC increased its holdings in Core Molding Technologies by 784.6% in the 2nd quarter. Denali Advisors LLC now owns 11,500 shares of the industrial products company’s stock worth $262,000 after purchasing an additional 10,200 shares in the last quarter. Acadian Asset Management LLC increased its holdings in Core Molding Technologies by 83.6% in the 2nd quarter. Acadian Asset Management LLC now owns 186,854 shares of the industrial products company’s stock worth $4,246,000 after purchasing an additional 85,083 shares in the last quarter. Strs Ohio acquired a new position in Core Molding Technologies in the 2nd quarter worth about $498,000. EA Series Trust acquired a new position in Core Molding Technologies in the 2nd quarter worth about $567,000. Finally, Tucker Asset Management LLC increased its holdings in Core Molding Technologies by 81.7% in the 2nd quarter. Tucker Asset Management LLC now owns 2,379 shares of the industrial products company’s stock worth $54,000 after purchasing an additional 1,070 shares in the last quarter. Institutional investors and hedge funds own 50.43% 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.