Core Molding Technologies (NYSEAMERICAN:CMT) Upgraded by StockNews.com to “Strong-Buy”

StockNews.com upgraded shares of Core Molding Technologies (NYSEAMERICAN:CMT) from a buy rating to a strong-buy rating in a research report sent to investors on Tuesday.

Core Molding Technologies Price Performance

NYSEAMERICAN:CMT opened at $18.14 on Tuesday. The company has a quick ratio of 1.75, a current ratio of 2.23 and a debt-to-equity ratio of 0.15. Core Molding Technologies has a 1-year low of $16.00 and a 1-year high of $30.09. The company has a market cap of $165.98 million, a P/E ratio of 7.85 and a beta of 1.66.

Core Molding Technologies (NYSEAMERICAN:CMT) last released its quarterly earnings results on Tuesday, March 12th. The industrial products company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.06 by $0.19. Core Molding Technologies had a net margin of 5.68% and a return on equity of 15.74%. The business had revenue of $73.78 million for the quarter, compared to the consensus estimate of $69.60 million. On average, research analysts forecast that Core Molding Technologies will post 1.52 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Empowered Funds LLC increased its holdings in Core Molding Technologies by 7.7% in the 1st quarter. Empowered Funds LLC now owns 32,100 shares of the industrial products company’s stock valued at $608,000 after buying an additional 2,287 shares during the period. BNP Paribas Financial Markets increased its stake in Core Molding Technologies by 4.9% in the first quarter. BNP Paribas Financial Markets now owns 12,593 shares of the industrial products company’s stock valued at $238,000 after acquiring an additional 593 shares during the last quarter. Denali Advisors LLC raised its position in Core Molding Technologies by 26.7% during the first quarter. Denali Advisors LLC now owns 24,700 shares of the industrial products company’s stock valued at $468,000 after purchasing an additional 5,200 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Core Molding Technologies by 45.1% during the first quarter. Allspring Global Investments Holdings LLC now owns 153,987 shares of the industrial products company’s stock worth $2,915,000 after purchasing an additional 47,826 shares during the last quarter. Finally, Gendell Jeffrey L boosted its holdings in shares of Core Molding Technologies by 38.4% in the 4th quarter. Gendell Jeffrey L now owns 76,770 shares of the industrial products company’s stock valued at $1,423,000 after purchasing an additional 21,290 shares in 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.