Core Molding Technologies Inc (NYSEAMERICAN:CMT – Get Free Report) Director Thomas Cellitti sold 3,000 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $24.77, for a total transaction of $74,310.00. Following the completion of the transaction, the director directly owned 98,393 shares of the company’s stock, valued at $2,437,194.61. This trade represents a 2.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Core Molding Technologies Trading Up 0.8%
Shares of CMT stock traded up $0.19 on Monday, hitting $24.83. The stock had a trading volume of 33,490 shares, compared to its average volume of 29,037. Core Molding Technologies Inc has a twelve month low of $16.12 and a twelve month high of $28.69. The firm has a market cap of $220.99 million, a P/E ratio of 22.17 and a beta of 0.44. The company has a current ratio of 2.41, a quick ratio of 1.95 and a debt-to-equity ratio of 0.11. The company has a fifty day moving average price of $24.70 and a two-hundred day moving average price of $21.50.
Core Molding Technologies declared that its Board of Directors has initiated a stock repurchase plan on Thursday, March 12th that permits the company to repurchase $7,500.00 billion in shares. This repurchase authorization permits the industrial products company to buy up to 4,581,831.5% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its shares are undervalued.
Institutional Investors Weigh In On Core Molding Technologies
Analysts Set New Price Targets
A number of equities analysts recently weighed in on the stock. Roth Mkm upped their target price on shares of Core Molding Technologies from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Wednesday, March 11th. Zacks Research lowered shares of Core Molding Technologies from a “hold” rating to a “strong sell” rating in a research note on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $24.00.
View Our Latest Report on Core Molding Technologies
About Core Molding Technologies
Core Molding Technologies is a publicly traded manufacturer specializing in engineered composite and polymer solutions for a wide array of industrial applications. The company’s core business includes the design, tooling and high-volume production of fiberglass-reinforced plastics, advanced polyurethane systems, structural composites and specialty coatings. Its products find use in commercial vehicles, off-highway equipment, defense, power sports, recreation and industrial markets.
Core Molding offers end-to-end services ranging from digital design and prototyping to mold fabrication, process development and full-scale manufacturing.
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