StockNews.com Lowers Core Molding Technologies (NYSEAMERICAN:CMT) to Buy

StockNews.com lowered shares of Core Molding Technologies (NYSEAMERICAN:CMT) from a strong-buy rating to a buy rating in a research note published on Monday.

Core Molding Technologies Stock Down 0.5 %

Shares of Core Molding Technologies stock opened at $17.93 on Monday. The firm has a market capitalization of $164.06 million, a PE ratio of 7.76 and a beta of 1.67. The company has a current ratio of 2.23, a quick ratio of 1.75 and a debt-to-equity ratio of 0.15. Core Molding Technologies has a 52 week low of $16.00 and a 52 week high of $30.09.

Core Molding Technologies (NYSEAMERICAN:CMT) last posted its earnings results on Tuesday, March 12th. The industrial products company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.19. The company had revenue of $73.78 million for the quarter, compared to analysts’ expectations of $69.60 million. Core Molding Technologies had a net margin of 5.68% and a return on equity of 15.74%. As a group, sell-side analysts expect that Core Molding Technologies will post 1.52 EPS for the current year.

Institutional Trading of Core Molding Technologies

Hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its holdings in Core Molding Technologies by 4.9% during the 1st quarter. BNP Paribas Financial Markets now owns 12,593 shares of the industrial products company’s stock worth $238,000 after buying an additional 593 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in shares of Core Molding Technologies by 82.7% in the fourth 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. National Bank of Canada FI purchased a new stake in shares of Core Molding Technologies during the fourth quarter worth $27,000. Barclays PLC raised its stake in shares of Core Molding Technologies by 53.1% in the third quarter. Barclays PLC now owns 4,375 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 1,517 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Core Molding Technologies in the third quarter valued at $103,000. Institutional investors and hedge funds own 58.79% of the company’s stock.

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.