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

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

Core Molding Technologies Trading Down 1.4 %

Core Molding Technologies stock opened at $17.88 on Wednesday. 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 firm has a market cap of $163.60 million, a P/E ratio of 7.74 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, beating analysts’ consensus estimates of $0.06 by $0.19. Core Molding Technologies had a net margin of 5.68% and a return on equity of 15.74%. The company had revenue of $73.78 million for the quarter, compared to the consensus estimate of $69.60 million. As a group, equities research analysts predict that Core Molding Technologies will post 1.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. National Bank of Canada FI acquired a new position in Core Molding Technologies during the fourth quarter worth $27,000. Tower Research Capital LLC TRC grew its stake in shares of Core Molding Technologies by 82.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company’s stock worth $33,000 after acquiring an additional 797 shares in the last quarter. UBS Group AG bought a new stake in shares of Core Molding Technologies in the 4th quarter worth $33,000. FMR LLC grew its stake in shares of Core Molding Technologies by 395.6% in the 3rd quarter. FMR LLC now owns 1,239 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 989 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Core Molding Technologies by 51.4% in the 1st quarter. Bank of America Corp DE now owns 2,016 shares of the industrial products company’s stock worth $36,000 after acquiring an additional 684 shares in the last quarter. Institutional investors and hedge funds 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.