Core Molding Technologies (NYSEAMERICAN:CMT) Shares Cross Above 50-Day Moving Average – Time to Sell?

Shares of Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $0.00 and traded as high as $15.52. Core Molding Technologies shares last traded at $15.52, with a volume of 40,335 shares trading hands.

Core Molding Technologies Stock Up 4.1 %

The firm has a market cap of $139.06 million, a price-to-earnings ratio of 8.18 and a beta of 1.76. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.41 and a quick ratio of 1.98.

Core Molding Technologies (NYSEAMERICAN:CMT) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.23 by $0.13. The business had revenue of $72.99 million during the quarter, compared to analysts’ expectations of $71.57 million. Core Molding Technologies had a return on equity of 10.76% and a net margin of 4.95%. Sell-side analysts predict that Core Molding Technologies, Inc. will post 1.64 EPS for the current fiscal year.

Insider Buying and Selling at Core Molding Technologies

In other news, CFO John P. Zimmer sold 7,600 shares of the firm’s stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $17.78, for a total value of $135,128.00. Following the transaction, the chief financial officer now directly owns 107,959 shares in the company, valued at $1,919,511.02. This trade represents a 6.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO David L. Duvall sold 4,500 shares of the firm’s stock in a transaction dated Thursday, December 26th. The stock was sold at an average price of $16.47, for a total value of $74,115.00. Following the completion of the transaction, the chief executive officer now owns 238,841 shares in the company, valued at approximately $3,933,711.27. This trade represents a 1.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 44,190 shares of company stock valued at $734,561. Insiders own 13.10% of the company’s stock.

Institutional Investors Weigh In On Core Molding Technologies

Several hedge funds have recently modified their holdings of CMT. Tieton Capital Management LLC increased its holdings in Core Molding Technologies by 58.9% during the 3rd quarter. Tieton Capital Management LLC now owns 282,036 shares of the industrial products company’s stock worth $4,854,000 after purchasing an additional 104,515 shares during the last quarter. American Century Companies Inc. grew its position in shares of Core Molding Technologies by 19.1% in the 2nd quarter. American Century Companies Inc. now owns 176,950 shares of the industrial products company’s stock worth $2,821,000 after acquiring an additional 28,376 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Core Molding Technologies by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 174,999 shares of the industrial products company’s stock worth $3,012,000 after acquiring an additional 2,737 shares in the last quarter. State Street Corp grew its position in shares of Core Molding Technologies by 0.8% in the 3rd quarter. State Street Corp now owns 157,430 shares of the industrial products company’s stock worth $2,709,000 after acquiring an additional 1,267 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. boosted its position in Core Molding Technologies by 10.4% during the 3rd quarter. Diamond Hill Capital Management Inc. now owns 149,320 shares of the industrial products company’s stock valued at $2,570,000 after purchasing an additional 14,039 shares during the period. 58.79% of the stock is currently owned by hedge funds and other institutional investors.

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.