Core Molding Technologies (NYSEAMERICAN:CMT – Get Free Report) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report released on Saturday.
Core Molding Technologies Stock Performance
Shares of CMT stock opened at $15.94 on Friday. The company has a market cap of $145.69 million, a price-to-earnings ratio of 7.66 and a beta of 1.67. Core Molding Technologies has a 1 year low of $15.70 and a 1 year high of $30.09. The company has a current ratio of 2.44, a quick ratio of 1.88 and a debt-to-equity ratio of 0.15.
Core Molding Technologies (NYSEAMERICAN:CMT – Get Free Report) last issued its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.17. Core Molding Technologies had a return on equity of 13.63% and a net margin of 5.42%. The firm had revenue of $78.15 million during the quarter, compared to analyst estimates of $78.69 million. As a group, sell-side analysts forecast that Core Molding Technologies will post 1.6 EPS for the current year.
Insider Activity
Hedge Funds Weigh In On Core Molding Technologies
A number of institutional investors have recently modified their holdings of the stock. Barclays PLC increased its holdings in Core Molding Technologies by 53.1% in the 3rd quarter. Barclays PLC now owns 4,375 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 1,517 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Core Molding Technologies during the third quarter worth $349,000. O Shaughnessy Asset Management LLC raised its holdings in Core Molding Technologies by 7.4% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 67,261 shares of the industrial products company’s stock valued at $1,916,000 after buying an additional 4,619 shares during the period. Wellington Management Group LLP raised its stake in shares of Core Molding Technologies by 55.4% in the 3rd quarter. Wellington Management Group LLP now owns 51,900 shares of the industrial products company’s stock valued at $1,479,000 after acquiring an additional 18,500 shares during the period. Finally, Public Employees Retirement System of Ohio acquired a new position in shares of Core Molding Technologies in the 3rd quarter worth approximately $125,000. 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.
Featured Stories
- Five stocks we like better than Core Molding Technologies
- Transportation Stocks Investing
- Upwork Stock’s Outlook: Numbers Solid Despite Gen-AI Challenges
- Canadian Penny Stocks: Can They Make You Rich?
- What’s Behind Walgreens Stock Plunge: What Investors Can Do Next
- Stock Ratings and Recommendations: Understanding Analyst Ratings
- MarketBeat Week in Review – 6/24 – 6/28
Receive News & Ratings for Core Molding Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Core Molding Technologies and related companies with MarketBeat.com's FREE daily email newsletter.