Core Molding Technologies CMT Stock Rating Downgraded by StockNews.com

Industry analysts at StockNews.com have revised their rating for Core Molding Technologies NYSEAMERICAN:CMT, moving the company's stock from a "strong-buy" to a "buy" rating as reported on Saturday. This rating adjustment is of particular interest to investors and market participants who closely monitor the company's performance.

Recent Performance of Core Molding Technologies Stock

Core Molding Technologies' stock commenced trading at $16.81 on the preceding Friday. Looking at the financials, the company boasts a current ratio of 1.93, a quick ratio of 1.40, and a debt-to-equity ratio of merely 0.16. It has a market capitalization of approximately $151.96 million, trading with a PE ratio of 6.39 and a beta of 1.90. Over the past 50 days, the stock has averaged a simple moving average of $18.52, with its one-year low at $10.36 and a peak price of $30.09.

On the earnings front, CMT last released its quarterly earnings on August 8th, reporting earnings per share (EPS) of $0.91. The company's return on equity (ROE) stood at a robust 18.57% paired with a net margin of 6.20%. For the quarter, Core Molding Technologies posted revenues of $97.73 million.

Insider Activity in Core Molding Technologies

There have been notable insider transactions that involved executive personnel disposing of company shares. Executive Vice President Eric Palomaki sold 5,000 shares at an average price of $28.52, totaling $142,600, and now holds 128,612 shares. Meanwhile, CFO John P. Zimmer sold 10,000 shares at $28.65 each, totaling $286,500, and now owns 174,893 shares. In the past three months, insiders have sold a total of 96,497 shares valued at about $2,598,575. Corporate insiders currently own 15.80% of the company's stock.

Influence of Hedge Funds on Core Molding Technologies

Several large investors have made adjustments to their Core Molding Technologies holdings. Denali Advisors LLC increased their position by 784.6% in the second quarter, now owning 11,500 shares. Ritholtz Wealth Management increased its stake by 33.2%, holding 31,116 shares. Acadian Asset Management LLC saw a substantial rise by 824.6% during the first quarter, now holding 101,771 shares. New positions were also taken by Jump Financial LLC and Virtu Financial LLC. Institutional investors and hedge funds own about 50.43% of CMT stock.

Overview of Core Molding Technologies

Core Molding Technologies, Inc. specializes in molding thermoplastic and thermoset structural products, offering different manufacturing processes such as compression molding, resin transfer molding, liquid molding, and various other techniques to meet diverse product requirements.

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