Core Molding Technologies (NYSEAMERICAN:CMT) Raised to “Strong-Buy” at StockNews.com

Core Molding Technologies (NYSEAMERICAN:CMT) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday.

Core Molding Technologies Stock Performance

Shares of Core Molding Technologies stock opened at $19.71 on Tuesday. The company has a quick ratio of 1.75, a current ratio of 2.23 and a debt-to-equity ratio of 0.15. The company has a market cap of $180.35 million, a P/E ratio of 8.53 and a beta of 1.67. 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 announced 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 during the quarter, compared to the consensus estimate of $69.60 million. Core Molding Technologies had a return on equity of 15.74% and a net margin of 5.68%. As a group, equities research analysts forecast that Core Molding Technologies will post 1.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Core Molding Technologies

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in Core Molding Technologies by 4.5% in the fourth quarter. Vanguard Group Inc. now owns 385,225 shares of the industrial products company’s stock worth $7,138,000 after purchasing an additional 16,597 shares in the last quarter. Goldman Sachs Group Inc. purchased a new stake in shares of Core Molding Technologies in the fourth quarter worth $320,000. Barclays PLC grew its stake in shares of Core Molding Technologies by 128.5% in the fourth quarter. Barclays PLC now owns 9,996 shares of the industrial products company’s stock worth $186,000 after acquiring an additional 5,621 shares during the last quarter. Needham Investment Management LLC purchased a new stake in shares of Core Molding Technologies in the fourth quarter worth $2,316,000. Finally, Gendell Jeffrey L grew its stake in shares of Core Molding Technologies by 38.4% in the fourth quarter. Gendell Jeffrey L now owns 76,770 shares of the industrial products company’s stock worth $1,423,000 after acquiring an additional 21,290 shares during the last quarter. Institutional investors 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.