Core Molding Technologies (NYSEAMERICAN:CMT – Get Free Report) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Monday.
Core Molding Technologies Stock Down 1.9 %
Shares of NYSEAMERICAN:CMT traded down $0.37 during trading on Monday, hitting $19.00. 40,329 shares of the company were exchanged, compared to its average volume of 52,703. Core Molding Technologies has a fifty-two week low of $16.00 and a fifty-two week high of $30.09. The firm has a market capitalization of $173.85 million, a price-to-earnings ratio of 8.23 and a beta of 1.67. 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 – Get Free Report) last announced its quarterly earnings results on Tuesday, March 12th. The industrial products company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.19. The firm had revenue of $73.78 million during the quarter, compared to analysts’ expectations 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 expect that Core Molding Technologies will post 1.52 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Core Molding Technologies
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.
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