Core Molding Technologies (NYSEAMERICAN:CMT) Shares Cross Above 50-Day Moving Average – Time to Sell?

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.00 and traded as high as $15.52. Core Molding Technologies shares last traded at $15.52, with a volume of 40,335 shares trading hands.

Core Molding Technologies Stock Performance

The company has a market cap of $139.06 million, a PE ratio of 8.18 and a beta of 1.76. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.98 and a current ratio of 2.41.

Core Molding Technologies (NYSEAMERICAN:CMT) last issued its earnings results on Tuesday, November 5th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.23 by $0.13. The firm had revenue of $72.99 million during the quarter, compared to analyst estimates of $71.57 million. Core Molding Technologies had a net margin of 4.95% and a return on equity of 10.76%. As a group, sell-side analysts predict that Core Molding Technologies, Inc. will post 1.64 EPS for the current fiscal year.

Insider Buying and Selling at Core Molding Technologies

In other news, CFO John P. Zimmer sold 7,600 shares of the company’s stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $17.78, for a total transaction of $135,128.00. Following the transaction, the chief financial officer now owns 107,959 shares in the company, valued at $1,919,511.02. This represents a 6.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO David L. Duvall sold 2,000 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $16.55, for a total transaction of $33,100.00. Following the transaction, the chief executive officer now owns 284,381 shares in the company, valued at approximately $4,706,505.55. This trade represents a 0.70 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,190 shares of company stock valued at $734,561. 13.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Core Molding Technologies

Several hedge funds have recently bought and sold shares of the stock. Tieton Capital Management LLC increased its stake in shares of Core Molding Technologies by 58.9% in the 3rd quarter. Tieton Capital Management LLC now owns 282,036 shares of the industrial products company’s stock worth $4,854,000 after acquiring an additional 104,515 shares during the last quarter. American Century Companies Inc. increased its stake in Core Molding Technologies by 19.1% during the second quarter. American Century Companies Inc. now owns 176,950 shares of the industrial products company’s stock worth $2,821,000 after purchasing an additional 28,376 shares during the period. Geode Capital Management LLC increased its stake in Core Molding Technologies by 1.6% during the third quarter. Geode Capital Management LLC now owns 174,999 shares of the industrial products company’s stock worth $3,012,000 after purchasing an additional 2,737 shares during the period. State Street Corp grew its position in shares of Core Molding Technologies by 0.8% during the third quarter. State Street Corp now owns 157,430 shares of the industrial products company’s stock worth $2,709,000 after buying an additional 1,267 shares in the last quarter. Finally, Diamond Hill Capital Management Inc. grew its position in shares of Core Molding Technologies by 10.4% during the third quarter. Diamond Hill Capital Management Inc. now owns 149,320 shares of the industrial products company’s stock worth $2,570,000 after buying an additional 14,039 shares in the last quarter. Hedge funds and other institutional investors own 58.79% of the company’s stock.

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.