Core Molding Technologies (NYSEAMERICAN:CMT) Issues Earnings Results

Core Molding Technologies (NYSEAMERICAN:CMT) posted its quarterly earnings data on Tuesday. The industrial products company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.13, Zacks reports. Core Molding Technologies had a net margin of 5.11% and a return on equity of 12.14%. The firm had revenue of $72.99 million during the quarter, compared to analysts’ expectations of $71.57 million.

Core Molding Technologies Stock Up 6.1 %

Shares of NYSEAMERICAN CMT traded up $0.94 during mid-day trading on Wednesday, hitting $16.30. The company’s stock had a trading volume of 23,362 shares, compared to its average volume of 43,629. Core Molding Technologies has a one year low of $14.64 and a one year high of $21.00. The company has a current ratio of 2.28, a quick ratio of 1.86 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $142.79 million, a PE ratio of 8.42 and a beta of 1.69.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Core Molding Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 29th.

Insider Buying and Selling

In other news, EVP Renee R. Anderson sold 11,380 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $17.89, for a total value of $203,588.20. Following the transaction, the executive vice president now owns 52,799 shares of the company’s stock, valued at $944,574.11. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, EVP Renee R. Anderson sold 11,380 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $17.89, for a total transaction of $203,588.20. Following the completion of the transaction, the executive vice president now owns 52,799 shares in the company, valued at approximately $944,574.11. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO David L. Duvall sold 20,000 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $18.29, for a total transaction of $365,800.00. Following the completion of the sale, the chief executive officer now owns 338,227 shares in the company, valued at approximately $6,186,171.83. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 73,411 shares of company stock valued at $1,333,020 over the last ninety days. Insiders own 13.10% 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.