Posted by admin on May 2nd, 2022
Core Molding Technologies, Inc. (NYSEAMERICAN:CMT – Get Rating) was the recipient of a large drop in short interest in April. As of April 15th, there was short interest totalling 14,200 shares, a drop of 26.0% from the March 31st total of 19,200 shares. Based on an average daily volume of 11,000 shares, the days-to-cover ratio is presently 1.3 days. Approximately 0.2% of the shares of the stock are sold short.
NYSEAMERICAN CMT opened at $10.00 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.02 and a current ratio of 1.50. Core Molding Technologies has a twelve month low of $7.96 and a twelve month high of $17.35. The firm has a market cap of $87.02 million, a P/E ratio of 26.32 and a beta of 2.15.
Core Molding Technologies (NYSEAMERICAN:CMT – Get Rating) last released its quarterly earnings data on Tuesday, March 8th. The industrial products company reported $0.05 earnings per share for the quarter. Core Molding Technologies had a return on equity of 4.75% and a net margin of 1.14%. The company had revenue of $73.17 million for the quarter.
In other Core Molding Technologies news, Director Ralph O. Hellmold bought 3,000 shares of Core Molding Technologies stock in a transaction on Thursday, March 10th. The shares were purchased at an average price of $10.33 per share, with a total value of $30,990.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 11.00% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Barclays PLC raised its position in Core Molding Technologies by 243.4% during the 3rd quarter. Barclays PLC now owns 2,273 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 1,611 shares during the last quarter. Advisor Group Holdings Inc. raised its position in Core Molding Technologies by 68.4% during the 3rd quarter. Advisor Group Holdings Inc. now owns 3,200 shares of the industrial products company’s stock worth $37,000 after purchasing an additional 1,300 shares during the last quarter. Raymond James & Associates bought a new position in Core Molding Technologies during the 3rd quarter worth $161,000. Cubic Asset Management LLC bought a new position in Core Molding Technologies during the 3rd quarter worth $201,000. Finally, Morgan Stanley raised its position in shares of Core Molding Technologies by 30.6% in the 1st quarter. Morgan Stanley now owns 17,631 shares of the industrial products company’s stock worth $207,000 after acquiring an additional 4,131 shares in the last quarter. 42.65% of the stock is owned by institutional investors and hedge funds.
About Core Molding Technologies (Get Rating)
Core Molding Technologies, Inc, together with its subsidiaries, engages in the molding of thermoplastic and thermoset structural products. The company offers a range of manufacturing processes that include compression molding of sheet molding compounds, bulk molding compounds, resin transfer molding, liquid molding of dicyclopentadiene, spray-up and hand-lay-up, glass mat thermoplastics, direct long-fiber thermoplastics, and structural foam and web injection molding, as well as reaction injection molding utilizing dicyclopentadiene technology.
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