Posted by admin on May 31st, 2022
Core Molding Technologies, Inc. (NYSEAMERICAN:CMT – Get Rating) was the target of a significant growth in short interest during the month of May. As of May 15th, there was short interest totalling 18,100 shares, a growth of 33.1% from the April 30th total of 13,600 shares. Based on an average trading volume of 13,200 shares, the short-interest ratio is currently 1.4 days. Approximately 0.3% of the company’s shares are sold short.
In related news, Director Ralph O. Hellmold bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 10th. The shares were acquired at an average cost of $10.33 per share, with a total value of $30,990.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 11.00% of the stock is currently owned by company insiders.
Hedge funds have recently made changes to their positions in the business. Barclays PLC lifted its position in Core Molding Technologies by 243.4% during the third quarter. Barclays PLC now owns 2,273 shares of the industrial products company’s stock valued at $26,000 after buying an additional 1,611 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in shares of Core Molding Technologies by 68.4% during the third quarter. Advisor Group Holdings Inc. now owns 3,200 shares of the industrial products company’s stock valued at $37,000 after purchasing an additional 1,300 shares during the period. HM Payson & Co. purchased a new stake in shares of Core Molding Technologies during the first quarter valued at approximately $35,000. Koss Olinger Consulting LLC purchased a new stake in shares of Core Molding Technologies during the first quarter valued at approximately $132,000. Finally, Raymond James & Associates purchased a new stake in shares of Core Molding Technologies during the third quarter valued at approximately $161,000. 42.65% of the stock is currently owned by hedge funds and other institutional investors.
CMT opened at $10.00 on Tuesday. 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 1 year low of $7.96 and a 1 year high of $17.35. The company has a market capitalization of $86.98 million, a P/E ratio of 26.32 and a beta of 2.15.
Core Molding Technologies (NYSEAMERICAN:CMT – Get Rating) last announced its quarterly earnings results on Tuesday, March 8th. The industrial products company reported $0.05 earnings per share for the quarter. The firm had revenue of $73.17 million for the quarter. Core Molding Technologies had a net margin of 1.14% and a return on equity of 4.75%.
About Core Molding Technologies (Get Rating)
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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