Core Molding Technologies (NYSEAMERICAN:CMT) Shares Pass Above Fifty Day Moving Average Following Insider Selling

Core Molding Technologies Inc (NYSEAMERICAN:CMT - Get Free Report) crossed above its 50 day moving average during trading on Friday following insider buying activity. The stock has a 50 day moving average of $15.74 and traded as high as $16.64. Core Molding Technologies shares last traded at $16.44, with a volume of 76,246 shares traded.

Wall Street Analysts Forecast Growth

Separately, Roth Capital set a $22.00 target price on shares of Core Molding Technologies in a research note on Wednesday, March 12th.

Core Molding Technologies Stock Down 1.1%

The company has a current ratio of 2.50, a quick ratio of 2.08 and a debt-to-equity ratio of 0.13. The business has a fifty day moving average of $15.74. The company has a market cap of $152.23 million, a P/E ratio of 12.27 and a beta of 0.82.

Institutional Investors Weigh In On Core Molding Technologies

Large investors have recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in shares of Core Molding Technologies in the 4th quarter worth approximately $676,000. Inspire Advisors LLC increased its holdings in Core Molding Technologies by 38.4% during the fourth quarter. Inspire Advisors LLC now owns 26,214 shares of the industrial products company's stock valued at $434,000 after buying an additional 7,275 shares during the last quarter. Diamond Hill Capital Management Inc. raised its position in Core Molding Technologies by 3.5% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 154,604 shares of the industrial products company's stock worth $2,557,000 after acquiring an additional 5,284 shares during the period. American Century Companies Inc. boosted its stake in shares of Core Molding Technologies by 0.6% during the 4th quarter. American Century Companies Inc. now owns 198,994 shares of the industrial products company's stock worth $3,291,000 after acquiring an additional 1,191 shares during the last quarter. Finally, Tieton Capital Management LLC boosted its stake in shares of Core Molding Technologies by 24.0% during the 4th quarter. Tieton Capital Management LLC now owns 349,836 shares of the industrial products company's stock worth $5,786,000 after acquiring an additional 67,800 shares during the last quarter. 58.79% of the stock is currently 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.

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