Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) Sees Significant Drop in Short Interest

Core Molding Technologies, Inc. (NYSEAMERICAN:CMT) was the recipient of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 164,000 shares, a decrease of 10.7% from the November 15th total of 183,700 shares. Currently, 2.1% of the company’s stock are short sold. Based on an average daily trading volume, of 36,200 shares, the days-to-cover ratio is presently 4.5 days.

Core Molding Technologies Stock Performance

Shares of CMT stock traded down $0.10 during trading hours on Tuesday, hitting $16.00. 31,142 shares of the company were exchanged, compared to its average volume of 43,413. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.98 and a current ratio of 2.41. Core Molding Technologies has a one year low of $14.64 and a one year high of $21.00. The stock has a market capitalization of $143.32 million, a price-to-earnings ratio of 9.04 and a beta of 1.75.

Core Molding Technologies (NYSEAMERICAN:CMT) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.13. The company had revenue of $72.99 million during the quarter, compared to analysts’ expectations of $71.57 million. Core Molding Technologies had a return on equity of 10.76% and a net margin of 4.95%. Equities analysts anticipate that Core Molding Technologies will post 1.64 earnings per share for the current fiscal year.

Insider Activity at Core Molding Technologies

In other Core Molding Technologies news, CEO David L. Duvall sold 2,000 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $16.55, for a total value of $33,100.00. Following the completion of the transaction, the chief executive officer now directly owns 284,381 shares in the company, valued at approximately $4,706,505.55. The trade was a 0.70 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO John P. Zimmer sold 7,600 shares of the company’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $17.78, for a total value of $135,128.00. Following the sale, the chief financial officer now owns 107,959 shares of the company’s stock, valued at approximately $1,919,511.02. The trade was a 6.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 10,600 shares of company stock valued at $184,698 over the last quarter. 13.10% of the stock is owned by insiders.

Institutional Trading of Core Molding Technologies

Hedge funds have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC bought a new position in Core Molding Technologies during the second quarter valued at approximately $27,000. LSV Asset Management acquired a new position in Core Molding Technologies during the second quarter valued at approximately $36,000. MetLife Investment Management LLC grew its holdings in Core Molding Technologies by 131.0% during the third quarter. MetLife Investment Management LLC now owns 4,460 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 2,529 shares during the last quarter. Barclays PLC grew its holdings in Core Molding Technologies by 278.9% during the third quarter. Barclays PLC now owns 9,942 shares of the industrial products company’s stock valued at $172,000 after purchasing an additional 7,318 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in Core Molding Technologies by 8.4% during the second quarter. Rhumbline Advisers now owns 11,174 shares of the industrial products company’s stock valued at $178,000 after purchasing an additional 866 shares during the last quarter. 58.79% of the stock is owned by hedge funds and other institutional investors.

Core Molding Technologies Company Profile

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.