Core Molding Technologies (NYSEAMERICAN:CMT) Upgraded to Strong-Buy by StockNews.com

Core Molding Technologies (NYSEAMERICAN:CMT) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Tuesday.

Core Molding Technologies Stock Down 2.5 %

CMT opened at $19.06 on Tuesday. The firm has a market cap of $174.40 million, a P/E ratio of 8.25 and a beta of 1.67. Core Molding Technologies has a twelve month low of $16.00 and a twelve month high of $30.09. The company has a quick ratio of 1.75, a current ratio of 2.23 and a debt-to-equity ratio of 0.15.

Core Molding Technologies (NYSEAMERICAN:CMT) last announced its quarterly earnings data on Tuesday, March 12th. The industrial products company reported $0.25 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.19. The company had revenue of $73.78 million during the quarter, compared to analyst estimates of $69.60 million. Core Molding Technologies had a net margin of 5.68% and a return on equity of 15.74%. Equities research analysts forecast that Core Molding Technologies will post 1.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CMT. State Street Corp lifted its position in Core Molding Technologies by 16.4% in the 1st quarter. State Street Corp now owns 19,561 shares of the industrial products company’s stock valued at $210,000 after purchasing an additional 2,753 shares during the last quarter. Royal Bank of Canada grew its stake in shares of Core Molding Technologies by 6.9% in the 3rd quarter. Royal Bank of Canada now owns 15,503 shares of the industrial products company’s stock worth $154,000 after purchasing an additional 1,003 shares during the last quarter. UBS Group AG acquired a new position in shares of Core Molding Technologies in the 4th quarter worth approximately $33,000. Geode Capital Management LLC grew its stake in shares of Core Molding Technologies by 3.2% in the 4th quarter. Geode Capital Management LLC now owns 57,832 shares of the industrial products company’s stock worth $751,000 after purchasing an additional 1,785 shares during the last quarter. Finally, Fortis Capital Advisors LLC acquired a new position in shares of Core Molding Technologies in the 4th quarter worth approximately $46,000. 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.