Core Molding Technologies (NYSEAMERICAN:CMT) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.00 and traded as high as $15.52. Core Molding Technologies shares last traded at $15.52, with a volume of 40,335 shares trading hands.

Core Molding Technologies Stock Performance

The company has a current ratio of 2.41, a quick ratio of 1.98 and a debt-to-equity ratio of 0.14. The stock has a market cap of $134.67 million, a PE ratio of 8.49 and a beta of 1.76.

Core Molding Technologies (NYSEAMERICAN:CMT) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.36 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.13. The business had revenue of $72.99 million for the quarter, compared to analysts’ expectations of $71.57 million. Core Molding Technologies had a net margin of 4.95% and a return on equity of 10.76%. As a group, research analysts forecast that Core Molding Technologies, Inc. will post 1.64 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO David L. Duvall sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $16.55, for a total value of $33,100.00. Following the transaction, the chief executive officer now owns 284,381 shares in the company, valued at approximately $4,706,505.55. This represents a 0.70 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO John P. Zimmer sold 7,600 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $17.78, for a total transaction of $135,128.00. Following the completion of the transaction, the chief financial officer now owns 107,959 shares in the company, valued at approximately $1,919,511.02. This represents a 6.58 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,190 shares of company stock worth $734,561. 13.10% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. MetLife Investment Management LLC lifted its position in Core Molding Technologies by 131.0% during the third quarter. MetLife Investment Management LLC now owns 4,460 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 2,529 shares during the period. Barclays PLC lifted its position in Core Molding Technologies by 278.9% during the third quarter. Barclays PLC now owns 9,942 shares of the industrial products company’s stock valued at $172,000 after purchasing an additional 7,318 shares during the period. Rhumbline Advisers lifted its position in Core Molding Technologies by 8.4% during the second quarter. Rhumbline Advisers now owns 11,174 shares of the industrial products company’s stock valued at $178,000 after purchasing an additional 866 shares during the period. Walleye Capital LLC purchased a new stake in Core Molding Technologies during the third quarter valued at approximately $195,000. Finally, Inspire Advisors LLC purchased a new stake in Core Molding Technologies during the third quarter valued at approximately $326,000. Institutional investors 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.