Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) Brief Update of Interest

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT – Get Free Report ) received a significant increase in short interest during the month of August. As of August 15th, there was short interest totaling 192,700 shares, an increase of 7.6% from July 31st’s total of 179,100 shares. Based on an average trading volume of 42,200 shares, the days-to-cover ratio is currently 4.6 days. Currently, 2.5% of the company’s shares are short-sold.

Core casting technology stocks rose 0.1%

Shares of CMT stock opened at $17.86 on Wednesday. The stock has a market cap of $156.45 million, a PE ratio of 8.59 and a beta of 1.67. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.86, and a current ratio of 2.28. Core Molding Technologies has a 12-month low of $14.64 and a 12-month high of $30.09.

Core Molding Technologies (NYSEAMERICAN:CMT – Get Free Report ) last posted its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $0.73 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.31. The company had revenue of $88.74 million for the quarter, compared to the consensus estimate of $78.75 million. Core Molding Technologies had a net margin of 5.11% and a return on equity of 12.14%. On average, analysts expect that Core Molding Technologies will post 1.53 EPS for the current fiscal year.

Insider trading at Core Molding Technologies

In other Core Molding Technologies news, CEO David L. Duvall sold 11,000 shares of Core Molding Technologies stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $17.94, for a total value of $197,340.00. Following the completion of the sale, the chief executive officer now owns 376,377 shares of the company’s stock, valued at approximately $6,752,203.38. The transaction was disclosed in a legal filing with the SEC, which is available on the SEC’s website. In other Core Molding Technologies news, CEO David L. Duvall sold 11,000 shares of the stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $17.94, for a total value of $197,340.00. Following the transaction, the chief executive officer now owns 376,377 shares of the company’s stock, valued at $6,752,203.38. The transaction was disclosed in a filing with the SEC, which can be accessed via this hyperlink. Also, CFO John P. Zimmer sold 13,653 shares of the business’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $18.30, for a total value of $249,849.90. Following the sale, the chief financial officer now owns 115,559 shares of the company’s stock, valued at $2,114,729.70. The disclosure for this sale can be found here. Insiders have sold 71,315 shares of company stock worth $1,295,192 over the last three months. 13.10% of shares are currently owned by company insiders.

Institutional inputs and outputs

Several hedge funds have recently bought and sold shares of CMT. National Bank of Canada FI bought a new position in shares of Core Molding Technologies in the fourth quarter valued at $27,000. Ashton Thomas Private Wealth LLC bought a new position in shares of Core Molding Technologies during the 2nd quarter valued at approximately $27,000. LSV Asset Management purchased a new position in shares of Core Molding Technologies during the second quarter valued at about $36,000. Public Employees Retirement System of Ohio bought a new stake in shares of Core Molding Technologies in the 1st quarter valued at about $155,000. Finally, Rhumbline Advisers lifted its position in shares of Core Molding Technologies by 8.4% in the second quarter. Rhumbline Advisers now owns 11,174 shares of the industrial products company’s stock worth $178,000 after purchasing an additional 866 shares in the last quarter. Institutional investors own 58.79% of the company’s shares.

Analysts set new price targets

Separately, StockNews.com raised shares of Core Molding Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday, July 29th.

Get the latest analysis on CMT

Core Molding Technologies Company Profile

(Get a free report)

Core Molding Technologies, Inc, together with its subsidiaries, operates as a molder of thermoplastic and thermoset structural products. The company offers a wide range of manufacturing processes that include sheet molding compound compression molding, resin transfer molding, dicyclopentadiene liquid molding, hand spray and stretch, long fiber direct thermoplastics, and structural foam injection molding and structural tape. .

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