Core Molding Technologies CMT Downgraded by StockNews.com

Core Molding Technologies NYSEAMERICAN:CMT, a company specialized in molding thermoplastic and thermoset structural products, has experienced a recent change in its stock rating. Stock analysis website StockNews.com has downgraded the company's rating from a 'strong-buy' to a 'buy' status. This adjustment comes as notable information for investors and market watchers of the company’s stock.

Price Performance Insights

CMT opened at $16.81 per share on the last trading session before the report release. The company currently shows several key financial ratios including a current ratio of 1.93 and a quick ratio of 1.40, which provide insights into its liquidity position. Additionally, CMT has a debt-to-equity ratio of 0.16. With a market capitalization of about $151.96 million, a price-to-earnings (PE) ratio of 6.39, and a beta coefficient of 1.90, the company's stock performance provides a mixed picture of risk and value. Over the past year, the stock recorded a low of $10.36 and a high of $30.09, while the 50-day simple moving average was at $18.52.

In earnings performance, CMT reported quarterly earnings of $0.91 per share, underlying a solid return on equity of 18.57% and a profit margin of 6.20%. Revenue streams for the quarter were reported at $97.73 million.

Insider Trading Activity

Recent insider trading for CMT has seen significant stock transactions. Eric Palomaki, the company’s EVP, sold 5,000 shares at an average price of $28.52, totaling $142,600. Following this sale, Palomaki holds 128,612 shares directly, valued at roughly $3.67 million. The CFO, John P. Zimmer, sold 10,000 shares at an average of $28.65 each, amounting to a transaction value of $286,500. After this, Zimmer remained with 174,893 company shares, valued near $5.01 million. Cumulatively, insiders sold 96,497 shares valued at $2,598,575 in the last quarter, signaling high insider activity, with corporate insiders owning 15.80% of CMT's stock.

Hedge Fund Activity

Investment from large shareholders has witnessed dynamic changes. Denali Advisors LLC increased their stake by 784.6%, now holding 11,500 shares. Ritholtz Wealth Management expanded their shares by 33.2%, with a current total of 31,116. Notably, Acadian Asset Management LLC surged its share volume by 824.6%, now owning 101,771 shares. Jump Financial LLC and Virtu Financial LLC also established new positions during the first quarter. Institutional investors and hedge funds own approximately 50.43% of CMT's available stock.

Company Profile

CMT engages in the production of various thermoplastic and thermoset products through a range of manufacturing processes. These processes include compression molding of sheet molding compound, resin transfer molding, and several others aimed at producing advanced structural products.

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