Core Molding Technologies Inc (NYSEAMERICAN:CMT - Get Free Report)'s share price passed 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.
Wall Street Analyst Weigh In
Separately, Roth Capital set a $22.00 target price on shares of Core Molding Technologies in a research note on Wednesday, March 12th.
Get Our Latest Stock Analysis on Core Molding Technologies
Core Molding Technologies Stock Up 0.5%
The firm has a market cap of $152.98 million, a PE ratio of 12.33 and a beta of 0.82. 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 stock's fifty day moving average is $15.74.
Institutional Investors Weigh In On Core Molding Technologies
A number of large investors have recently modified their holdings of the stock. Tieton Capital Management LLC boosted its stake in shares of Core Molding Technologies by 24.0% in the fourth quarter. Tieton Capital Management LLC now owns 349,836 shares of the industrial products company's stock valued at $5,786,000 after purchasing an additional 67,800 shares during the period. American Century Companies Inc. lifted its holdings in Core Molding Technologies by 10.4% in the 1st quarter. American Century Companies Inc. now owns 219,724 shares of the industrial products company's stock worth $3,340,000 after buying an additional 20,730 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its position in Core Molding Technologies by 18.0% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 182,452 shares of the industrial products company's stock valued at $2,773,000 after buying an additional 27,848 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its position in Core Molding Technologies by 28.0% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 153,694 shares of the industrial products company's stock valued at $2,336,000 after buying an additional 33,663 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its stake in shares of Core Molding Technologies by 1.2% during the fourth quarter. Bridgeway Capital Management LLC now owns 106,674 shares of the industrial products company's stock valued at $1,764,000 after acquiring an additional 1,292 shares in the last quarter. Institutional investors and hedge funds own 58.79% of the company's stock.
Core Molding Technologies Company Profile
(
Get Free Report)
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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