Core Molding Technologies (NYSEAMERICAN:CMT) Stock Rating Upgraded by StockNews.com

Core Molding Technologies (NYSEAMERICAN:CMT - Get Free Report) was upgraded by StockNews.com from a "buy" rating to a "strong-buy" rating in a research note issued on Wednesday.

Core Molding Technologies Trading Down 1.4 %

Shares of NYSEAMERICAN CMT traded down $0.26 during trading on Wednesday, reaching $17.88. The company had a trading volume of 35,555 shares, compared to its average volume of 53,781. Core Molding Technologies has a 12 month low of $16.00 and a 12 month high of $30.09. The firm has a market capitalization of $163.60 million, a PE ratio of 7.74 and a beta of 1.67. The company has a current ratio of 2.23, a quick ratio of 1.75 and a debt-to-equity ratio of 0.15.

Core Molding Technologies (NYSEAMERICAN:CMT - Get Free Report) last released its quarterly earnings results on Tuesday, March 12th. The industrial products company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.19. Core Molding Technologies had a return on equity of 15.74% and a net margin of 5.68%. The firm had revenue of $73.78 million for the quarter, compared to analyst estimates of $69.60 million. On average, analysts expect that Core Molding Technologies will post 1.52 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. increased its position in shares of Core Molding Technologies by 669.3% during the second quarter. BlackRock Inc. now owns 419,435 shares of the industrial products company's stock valued at $9,542,000 after acquiring an additional 364,916 shares during the last quarter. Invesco Ltd. purchased a new stake in shares of Core Molding Technologies during the third quarter valued at approximately $4,157,000. Needham Investment Management LLC purchased a new stake in shares of Core Molding Technologies during the fourth quarter valued at approximately $2,316,000. Allspring Global Investments Holdings LLC increased its position in shares of Core Molding Technologies by 1,648.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 106,161 shares of the industrial products company's stock valued at $1,967,000 after acquiring an additional 100,091 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Core Molding Technologies by 124.9% during the second quarter. Geode Capital Management LLC now owns 141,221 shares of the industrial products company's stock valued at $3,213,000 after acquiring an additional 78,436 shares during the last quarter. 58.79% of the stock is owned by institutional investors and hedge funds.

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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