Core Molding Technologies Inc (
NYSEAMERICAN:CMT -
Get Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $17.07 and traded as high as $18.34. Core Molding Technologies shares last traded at $18.34, with a volume of 33,724 shares traded.
Core Molding Technologies Trading Up 1.3%
The company has a debt-to-equity ratio of 0.12, a quick ratio of 2.36 and a current ratio of 2.85. The stock has a market cap of $162.49 million, a PE ratio of 16.98 and a beta of 0.79. The stock has a 50-day moving average price of $17.07.
Insider Activity
In other news, CEO David L. Duvall sold 11,300 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $16.02, for a total value of $181,026.00. Following the completion of the transaction, the chief executive officer directly owned 228,480 shares in the company, valued at $3,660,249.60. This trade represents a 4.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 43,740 shares of company stock valued at $708,175 in the last ninety days. Company insiders own 10.00% of the company's stock.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. GAMMA Investing LLC boosted its holdings in shares of Core Molding Technologies by 38,585.0% in the first quarter. GAMMA Investing LLC now owns 7,737 shares of the industrial products company's stock valued at $118,000 after acquiring an additional 7,717 shares in the last quarter. Baird Financial Group Inc. boosted its holdings in Core Molding Technologies by 22.2% during the fourth quarter. Baird Financial Group Inc. now owns 98,327 shares of the industrial products company's stock worth $1,626,000 after buying an additional 17,894 shares in the last quarter. Northern Trust Corp boosted its holdings in Core Molding Technologies by 8.3% during the fourth quarter. Northern Trust Corp now owns 67,572 shares of the industrial products company's stock worth $1,118,000 after buying an additional 5,202 shares in the last quarter. Deutsche Bank AG boosted its holdings in Core Molding Technologies by 99.2% during the fourth quarter. Deutsche Bank AG now owns 6,380 shares of the industrial products company's stock worth $106,000 after buying an additional 3,177 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Core Molding Technologies by 7.3% during the fourth quarter. Bank of America Corp DE now owns 23,345 shares of the industrial products company's stock worth $386,000 after buying an additional 1,585 shares in the last quarter. 58.79% of the stock is currently owned by institutional investors.
About Core Molding Technologies
(
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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