Core Molding Technologies, Inc. (NYSEAMERICAN:CMT – Get Free Report) was the recipient of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 178,800 shares, a decline of 7.2% from the August 15th total of 192,700 shares. Based on an average daily trading volume, of 42,600 shares, the days-to-cover ratio is presently 4.2 days. Approximately 2.3% of the company’s shares are short sold.
Analyst Ratings Changes
Separately, StockNews.com upgraded Core Molding Technologies from a “buy” rating to a “strong-buy” rating in a report on Monday, July 29th.
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Insiders Place Their Bets
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Tieton Capital Management LLC grew its stake in Core Molding Technologies by 151.9% in the second quarter. Tieton Capital Management LLC now owns 177,521 shares of the industrial products company’s stock valued at $2,830,000 after acquiring an additional 107,041 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in shares of Core Molding Technologies by 1.5% in the 2nd quarter. Diamond Hill Capital Management Inc. now owns 135,281 shares of the industrial products company’s stock worth $2,156,000 after purchasing an additional 2,039 shares in the last quarter. American Century Companies Inc. grew its position in Core Molding Technologies by 19.1% in the 2nd quarter. American Century Companies Inc. now owns 176,950 shares of the industrial products company’s stock valued at $2,821,000 after purchasing an additional 28,376 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Core Molding Technologies during the 2nd quarter valued at $27,000. Finally, LSV Asset Management acquired a new position in Core Molding Technologies during the second quarter worth $36,000. 58.79% of the stock is owned by institutional investors and hedge funds.
Core Molding Technologies Stock Down 0.4 %
Shares of Core Molding Technologies stock traded down $0.08 during trading on Wednesday, reaching $18.00. 1,859 shares of the company traded hands, compared to its average volume of 45,871. The company has a market capitalization of $157.68 million, a PE ratio of 8.66 and a beta of 1.67. Core Molding Technologies has a 1-year low of $14.64 and a 1-year high of $30.09. The company has a quick ratio of 1.86, a current ratio of 2.28 and a debt-to-equity ratio of 0.14.
Core Molding Technologies (NYSEAMERICAN:CMT – Get Free Report) last announced its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $0.73 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.31. The firm had revenue of $88.74 million for the quarter, compared to analyst estimates of $78.75 million. Core Molding Technologies had a net margin of 5.11% and a return on equity of 12.14%. As a group, sell-side analysts predict that Core Molding Technologies will post 1.53 EPS for the current fiscal year.
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.
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