Core Molding Technologies (NYSEAMERICAN:CMT) Shares Pass Above 50 Day Moving Average – Time to Sell?

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.00 and traded as high as $16.40. Core Molding Technologies shares last traded at $16.13, with a volume of 19,801 shares changing hands.

Analyst Ratings Changes

Separately, StockNews.com raised Core Molding Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 29th.

Core Molding Technologies Stock Down 1.1 %

The firm has a market capitalization of $144.52 million, a P/E ratio of 9.11 and a beta of 1.69. The company has a current ratio of 2.41, a quick ratio of 1.98 and a debt-to-equity ratio of 0.14.

Core Molding Technologies (NYSEAMERICAN:CMT) last posted its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.13. Core Molding Technologies had a net margin of 4.95% and a return on equity of 10.76%. The firm had revenue of $72.99 million during the quarter, compared to analyst estimates of $71.57 million. Sell-side analysts predict that Core Molding Technologies, Inc. will post 1.64 EPS for the current year.

Insider Buying and Selling at Core Molding Technologies

In other Core Molding Technologies news, CFO John P. Zimmer sold 2,000 shares of Core Molding Technologies stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $18.64, for a total value of $37,280.00. Following the completion of the sale, the chief financial officer now directly owns 129,212 shares in the company, valued at $2,408,511.68. The trade was a 1.52 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO David L. Duvall sold 20,000 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $18.29, for a total transaction of $365,800.00. Following the transaction, the chief executive officer now owns 338,227 shares in the company, valued at $6,186,171.83. This represents a 5.58 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 37,749 shares of company stock valued at $690,758 in the last 90 days. 13.10% of the stock is currently owned by corporate insiders.

Institutional Trading of Core Molding Technologies

Several large investors have recently modified their holdings of the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of Core Molding Technologies during the second quarter worth approximately $27,000. LSV Asset Management bought a new stake in Core Molding Technologies in the 2nd quarter valued at $36,000. MetLife Investment Management LLC grew its position in Core Molding Technologies by 131.0% in the 3rd quarter. MetLife Investment Management LLC now owns 4,460 shares of the industrial products company’s stock worth $77,000 after purchasing an additional 2,529 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of Core Molding Technologies during the 1st quarter worth about $155,000. Finally, Barclays PLC increased its holdings in shares of Core Molding Technologies by 278.9% during the 3rd quarter. Barclays PLC now owns 9,942 shares of the industrial products company’s stock worth $172,000 after purchasing an additional 7,318 shares during the period. 58.79% of the stock is owned by institutional investors.

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.