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

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

Core Molding Technologies Stock Down 1.9 %

Shares of CMT stock traded down $0.37 during trading on Monday, hitting $19.00. The company had a trading volume of 40,329 shares, compared to its average volume of 52,703. Core Molding Technologies has a 52 week low of $16.00 and a 52 week high of $30.09. The stock has a market cap of $173.85 million, a price-to-earnings ratio of 8.23 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 (NYSEAMERICAN:CMT) last issued its quarterly earnings results on Tuesday, March 12th. The industrial products company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $73.78 million for the quarter, compared to analyst estimates of $69.60 million. Sell-side analysts predict that Core Molding Technologies will post 1.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Core Molding Technologies

Several institutional investors have recently modified their holdings of CMT. Tower Research Capital LLC TRC grew its holdings in shares of Core Molding Technologies by 82.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 1,761 shares of the industrial products company’s stock valued at $33,000 after purchasing an additional 797 shares during the last quarter. National Bank of Canada FI bought a new position in shares of Core Molding Technologies during the fourth quarter valued at about $27,000. Barclays PLC grew its stake in shares of Core Molding Technologies by 53.1% during the third quarter. Barclays PLC now owns 4,375 shares of the industrial products company’s stock valued at $125,000 after buying an additional 1,517 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Core Molding Technologies in the third quarter worth about $103,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Core Molding Technologies by 16.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 26,108 shares of the industrial products company’s stock valued at $744,000 after acquiring an additional 3,638 shares during the last quarter. 58.79% of the stock is currently owned by institutional investors.

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.