Core Molding Technologies (NYSEAMERICAN:CMT) Stock Passes Above 50-Day Moving Average on Insider Selling

Shares of Core Molding Technologies Inc (NYSEAMERICAN:CMT) crossed above its fifty day moving average during trading on Friday after an insider bought additional shares in the company. The stock has a fifty 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 changing hands.

Analysts Set New Price Targets

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

Core Molding Technologies Price Performance

The company has a current ratio of 2.50, a quick ratio of 2.08 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $152.23 million, a P/E ratio of 12.27 and a beta of 0.82. The company has a 50-day simple moving average of $15.74.

Institutional Investors Weigh In On Core Molding Technologies

A number of institutional investors have recently modified their holdings of CMT. Pacific Ridge Capital Partners LLC bought a new stake in shares of Core Molding Technologies in the 4th quarter valued at $1,985,000. Tieton Capital Management LLC boosted its stake in Core Molding Technologies by 24.0% during the fourth quarter. Tieton Capital Management LLC now owns 349,836 shares of the industrial products company’s stock worth $5,786,000 after acquiring an additional 67,800 shares in the last quarter. Segall Bryant & Hamill LLC bought a new position in Core Molding Technologies during the fourth quarter worth $1,121,000. Mackenzie Financial Corp boosted its stake in Core Molding Technologies by 185.3% during the first quarter. Mackenzie Financial Corp now owns 76,994 shares of the industrial products company’s stock worth $1,170,000 after acquiring an additional 50,005 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new position in Core Molding Technologies during the fourth quarter worth $676,000. 58.79% of the stock is owned by institutional investors.

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.