Core Molding Technologies (NYSEAMERICAN:CMT) Stock Passes Above Fifty Day Moving Average Following Insider Selling

Core Molding Technologies Inc (NYSEAMERICAN:CMT)’s share price passed above its 50-day moving average during trading on Friday after an insider bought additional shares in the company. The stock has a 50-day moving average of $15.74 and traded as high as $16.64. Core Molding Technologies shares last traded at $16.44, with a volume of 76,246 shares traded.

Analyst Upgrades and Downgrades

Separately, Roth Capital set a $22.00 target price on Core Molding Technologies in a report on Wednesday, March 12th.

Core Molding Technologies Price Performance

The company has a quick ratio of 2.08, a current ratio of 2.50 and a debt-to-equity ratio of 0.13. The company has a 50 day moving average price of $15.74. The firm has a market cap of $152.23 million, a price-to-earnings ratio of 12.27 and a beta of 0.82.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Deutsche Bank AG raised its position in Core Molding Technologies by 99.2% in the 4th quarter. Deutsche Bank AG now owns 6,380 shares of the industrial products company’s stock worth $106,000 after purchasing an additional 3,177 shares during the last quarter. GAMMA Investing LLC raised its position in Core Molding Technologies by 38,585.0% in the 1st quarter. GAMMA Investing LLC now owns 7,737 shares of the industrial products company’s stock worth $118,000 after purchasing an additional 7,717 shares during the last quarter. Barclays PLC raised its position in Core Molding Technologies by 14.3% in the 4th quarter. Barclays PLC now owns 11,368 shares of the industrial products company’s stock worth $188,000 after purchasing an additional 1,426 shares during the last quarter. Nuveen LLC bought a new position in Core Molding Technologies in the 1st quarter worth approximately $258,000. Finally, Russell Investments Group Ltd. bought a new position in Core Molding Technologies in the 1st quarter worth approximately $288,000. 58.79% of the stock is owned by institutional investors and hedge funds.

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.