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

Core Molding Technologies (NYSEAMERICAN:CMT) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday.

Core Molding Technologies Trading Up 7.2 %

NYSEAMERICAN CMT opened at $19.71 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.75 and a current ratio of 2.23. Core Molding Technologies has a 12-month low of $16.00 and a 12-month high of $30.09. The company has a market cap of $180.35 million, a price-to-earnings ratio of 8.53 and a beta of 1.67.

Core Molding Technologies (NYSEAMERICAN:CMT) last released its earnings results on Tuesday, March 12th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $73.78 million for the quarter, compared to analysts’ expectations of $69.60 million. Research analysts anticipate that Core Molding Technologies will post 1.52 earnings per share for the current year.

Hedge Funds Weigh In On Core Molding Technologies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new stake in shares of Core Molding Technologies in the 3rd quarter worth approximately $125,000. Wellington Management Group LLP grew its holdings 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 worth $1,479,000 after acquiring an additional 18,500 shares during the period. Fiera Capital Corp acquired a new stake in shares of Core Molding Technologies in the 3rd quarter worth approximately $228,000. Jump Financial LLC acquired a new stake in shares of Core Molding Technologies in the 3rd quarter worth approximately $208,000. Finally, O Shaughnessy Asset Management LLC grew its holdings in Core Molding Technologies by 7.4% during 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 last quarter. Institutional investors and hedge funds own 58.79% of the company’s stock.

About Core Molding Technologies

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.