Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) Sees Large Decrease in Short Interest

Core Molding Technologies, Inc. (NYSEAMERICAN:CMTGet Free Report) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totalling 288,300 shares, a drop of 9.2% from the June 30th total of 317,400 shares. Based on an average daily volume of 38,200 shares, the short-interest ratio is presently 7.5 days. Currently, 3.6% of the company’s shares are short sold.

Core Molding Technologies Price Performance

NYSEAMERICAN:CMT traded down $0.56 on Thursday, reaching $17.89. The company’s stock had a trading volume of 42,182 shares, compared to its average volume of 46,886. Core Molding Technologies has a 12-month low of $14.64 and a 12-month high of $30.09. The company has a quick ratio of 1.88, a current ratio of 2.44 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $163.51 million, a P/E ratio of 8.86 and a beta of 1.69.

Core Molding Technologies (NYSEAMERICAN:CMTGet Free Report) last released its earnings results on Tuesday, May 7th. The industrial products company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.17. Core Molding Technologies had a return on equity of 13.63% and a net margin of 5.42%. The company had revenue of $78.15 million during the quarter, compared to the consensus estimate of $78.69 million. Equities analysts expect that Core Molding Technologies will post 1.6 EPS for the current year.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Core Molding Technologies from a “buy” rating to a “strong-buy” rating in a research report on Monday.

View Our Latest Report on Core Molding Technologies

Insider Transactions at Core Molding Technologies

In other news, CFO John P. Zimmer sold 6,595 shares of Core Molding Technologies stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $19.69, for a total transaction of $129,855.55. Following the completion of the sale, the chief financial officer now owns 157,628 shares of the company’s stock, valued at $3,103,695.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Ralph O. Hellmold sold 1,696 shares of Core Molding Technologies stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $19.17, for a total transaction of $32,512.32. Following the transaction, the director now directly owns 33,248 shares of the company’s stock, valued at $637,364.16. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO John P. Zimmer sold 6,595 shares of Core Molding Technologies stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $19.69, for a total value of $129,855.55. Following the completion of the transaction, the chief financial officer now owns 157,628 shares in the company, valued at $3,103,695.32. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,726 shares of company stock worth $850,887. 13.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Core Molding Technologies

A number of large investors have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in Core Molding Technologies by 1,648.9% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 106,161 shares of the industrial products company’s stock worth $1,967,000 after purchasing an additional 100,091 shares in the last quarter. Jacobs Levy Equity Management Inc. grew its position in shares of Core Molding Technologies by 187.4% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 76,321 shares of the industrial products company’s stock valued at $1,445,000 after buying an additional 49,764 shares during the last quarter. Vanguard Group Inc. raised its stake in Core Molding Technologies by 12.8% during the 1st quarter. Vanguard Group Inc. now owns 434,726 shares of the industrial products company’s stock worth $8,229,000 after acquiring an additional 49,501 shares in the last quarter. Raymond James Financial Services Advisors Inc. acquired a new position in Core Molding Technologies in the fourth quarter valued at $625,000. Finally, Gendell Jeffrey L grew its holdings in shares of Core Molding Technologies by 38.4% during the fourth quarter. Gendell Jeffrey L now owns 76,770 shares of the industrial products company’s stock worth $1,423,000 after purchasing an additional 21,290 shares during the last quarter. 58.79% of the stock is owned by hedge funds and other institutional investors.

About Core Molding Technologies

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Core Molding Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Core Molding Technologies and related companies with MarketBeat.com's FREE daily email newsletter.