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

Core Molding Technologies (NYSEAMERICAN:CMTGet Free Report) was downgraded by stock analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Monday.

Core Molding Technologies Stock Down 3.3 %

Shares of NYSEAMERICAN:CMT opened at $19.02 on Monday. The company has a current ratio of 2.44, a quick ratio of 1.88 and a debt-to-equity ratio of 0.15. Core Molding Technologies has a 12-month low of $16.00 and a 12-month high of $30.09. The stock has a market cap of $173.84 million, a PE ratio of 9.22 and a beta of 1.66.

Core Molding Technologies (NYSEAMERICAN:CMTGet Free Report) last announced its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.17. The business had revenue of $78.15 million for the quarter, compared to analyst estimates of $78.69 million. Core Molding Technologies had a net margin of 5.42% and a return on equity of 13.63%. On average, equities research analysts predict that Core Molding Technologies will post 1.6 earnings per share for the current fiscal year.

Institutional Trading of Core Molding Technologies

Several large investors have recently added to or reduced their stakes in the stock. National Bank of Canada FI purchased a new position in shares of Core Molding Technologies during the 4th quarter worth approximately $27,000. Tower Research Capital LLC TRC lifted its position in Core Molding Technologies by 82.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company’s stock valued at $33,000 after buying an additional 797 shares during the period. SG Americas Securities LLC purchased a new position in Core Molding Technologies during the third quarter valued at $103,000. Barclays PLC boosted its holdings in shares of Core Molding Technologies by 53.1% during the 3rd quarter. Barclays PLC now owns 4,375 shares of the industrial products company’s stock valued at $125,000 after buying an additional 1,517 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Core Molding Technologies in the 3rd quarter worth about $125,000. Institutional investors own 58.79% of the company’s stock.

Core Molding Technologies Company Profile

(Get Free Report)

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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