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

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 morning.

Core Molding Technologies Price Performance

CMT opened at $19.61 on Tuesday. The company has a market cap of $179.43 million, a P/E ratio of 8.49 and a beta of 1.67. Core Molding Technologies has a 1 year low of $16.00 and a 1 year high of $30.09. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.23 and a quick ratio of 1.75.

Core Molding Technologies (NYSEAMERICAN:CMT) last released its quarterly earnings results on Tuesday, March 12th. The industrial products company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.19. The firm had revenue of $73.78 million during the quarter, compared to analysts’ expectations of $69.60 million. Core Molding Technologies had a return on equity of 15.74% and a net margin of 5.68%. As a group, analysts forecast 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 institutional investors and hedge funds have recently bought and sold shares of CMT. National Bank of Canada FI purchased a new position in shares of Core Molding Technologies during the 4th quarter valued at approximately $27,000. Tower Research Capital LLC TRC boosted its stake in shares of Core Molding Technologies by 82.7% during the 4th 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 last quarter. UBS Group AG purchased a new position in shares of Core Molding Technologies during the 4th quarter valued at approximately $33,000. FMR LLC boosted its stake in shares of Core Molding Technologies by 395.6% during the 3rd quarter. FMR LLC now owns 1,239 shares of the industrial products company’s stock valued at $35,000 after buying an additional 989 shares during the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Core Molding Technologies by 51.4% during the 1st quarter. Bank of America Corp DE now owns 2,016 shares of the industrial products company’s stock valued at $36,000 after buying an additional 684 shares during the last quarter. Hedge funds and other 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.