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

Core Molding Technologies (NYSEAMERICAN:CMT) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday.

Core Molding Technologies Trading Up 4.0 %

Shares of NYSEAMERICAN CMT opened at $19.30 on Tuesday. Core Molding Technologies has a 52-week low of $16.00 and a 52-week high of $30.09. The company has a market capitalization of $176.60 million, a P/E ratio of 8.35 and a beta of 1.66. 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 (NYSEAMERICAN:CMT) last posted its quarterly earnings results on Tuesday, March 12th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.19. The business had revenue of $73.78 million for the quarter, compared to the consensus estimate of $69.60 million. Core Molding Technologies had a return on equity of 15.74% and a net margin of 5.68%. Research analysts predict that Core Molding Technologies will post 1.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Core Molding Technologies

A number of large investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in shares of Core Molding Technologies in the 3rd quarter valued at $103,000. Bank of New York Mellon Corp raised its holdings in Core Molding Technologies by 16.2% in the third quarter. Bank of New York Mellon Corp now owns 26,108 shares of the industrial products company’s stock worth $744,000 after purchasing an additional 3,638 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new stake in shares of Core Molding Technologies during the third quarter valued at about $173,000. Mesirow Financial Investment Management Inc. bought a new stake in shares of Core Molding Technologies in the 3rd quarter valued at about $281,000. Finally, Jump Financial LLC bought a new stake in shares of Core Molding Technologies in the 3rd quarter valued at about $208,000. 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.