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

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

Core Molding Technologies Stock Up 8.5 %

NYSEAMERICAN CMT opened at $19.62 on Tuesday. 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 capitalization of $179.52 million, a price-to-earnings ratio of 8.49 and a beta of 1.66.

Core Molding Technologies (NYSEAMERICAN:CMT) last released its quarterly earnings results on Tuesday, March 12th. The industrial products company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $73.78 million for the quarter, compared to analyst estimates of $69.60 million. On average, analysts predict that Core Molding Technologies will post 1.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Core Molding Technologies

Several institutional investors and hedge funds have recently made changes to their positions in CMT. SG Americas Securities LLC acquired a new stake in shares of Core Molding Technologies during the third quarter worth $103,000. Bank of New York Mellon Corp lifted its position in Core Molding Technologies by 16.2% during the third quarter. Bank of New York Mellon Corp now owns 26,108 shares of the industrial products company’s stock valued at $744,000 after purchasing an additional 3,638 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Core Molding Technologies during the third quarter valued at $173,000. Mesirow Financial Investment Management Inc. acquired a new position in Core Molding Technologies during the third quarter valued at $281,000. Finally, Jump Financial LLC acquired a new position in Core Molding Technologies during the third quarter valued at $208,000. 58.79% of the stock is currently owned by institutional investors and hedge funds.

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.