Core Molding Technologies (NYSEAMERICAN:CMT) Upgraded to “Strong-Buy” at StockNews.com

StockNews.com upgraded shares of Core Molding Technologies (NYSEAMERICAN:CMT) from a buy rating to a strong-buy rating in a research report released on Wednesday.

Core Molding Technologies Stock Performance

Shares of NYSEAMERICAN CMT opened at $17.88 on Wednesday. Core Molding Technologies has a fifty-two week low of $16.00 and a fifty-two week high of $30.09. The company has a market capitalization of $163.60 million, a P/E 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) last announced its quarterly earnings data on Tuesday, March 12th. The industrial products company reported $0.25 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.19. The business had revenue of $73.78 million for the quarter, compared to analyst estimates of $69.60 million. Core Molding Technologies had a net margin of 5.68% and a return on equity of 15.74%. On average, research analysts anticipate that Core Molding Technologies will post 1.52 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CMT. National Bank of Canada FI bought a new position in Core Molding Technologies in the fourth quarter valued at $27,000. Tower Research Capital LLC TRC grew its position in Core Molding Technologies by 82.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 797 shares in the last quarter. UBS Group AG bought a new position in Core Molding Technologies in the fourth quarter valued at $33,000. FMR LLC grew its position in Core Molding Technologies by 395.6% in the third quarter. FMR LLC now owns 1,239 shares of the industrial products company’s stock valued at $35,000 after purchasing an additional 989 shares in the last quarter. Finally, Bank of America Corp DE grew its position in Core Molding Technologies by 51.4% in the first quarter. Bank of America Corp DE now owns 2,016 shares of the industrial products company’s stock valued at $36,000 after purchasing an additional 684 shares in the last quarter. 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.