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Chief Executive Officer Of Core Molding Technologies Sold $398K In Stock

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On May 15, a recent SEC filing unveiled that DAVID DUVALL, Chief Executive Officer at Core Molding Technologies (AMEX:CMT) made an insider sell.

What Happened: DUVALL opted to sell 19,713 shares of Core Molding Technologies, according to a Form 4 filing with the U.S. Securities and Exchange Commission on Wednesday. The transaction’s total worth stands at $398,052.

As of Thursday morning, Core Molding Technologies shares are down by 0.61%, currently priced at $19.65.

Discovering Core Molding Technologies: A Closer Look

Core Molding Technologies Inc operates in the engineered materials market as one operating segment as a molder of thermoplastic and thermoset structural products. It produces and sells molded products for varied markets, including medium and heavy-duty trucks, automobiles, power sports, construction and agriculture, building products, and other industrial markets. The processes include compression molding of sheet molding compound (SMC), resin transfer molding (RTM), liquid molding of dicyclopentadiene (DCPD), spray-up and hand-lay-up, direct long-fiber thermoplastics (D-LFT) and structural foam, and structural web injection molding (SIM). It operates operates in Columbus, Ohio; Gaffney, South Carolina; Winona, Minnesota; Matamoros and Escobedo, Mexico; and Cobourg, Ontario, Canada.

A Deep Dive into Core Molding Technologies’s Financials

Decline in Revenue: Over the 3 months period, Core Molding Technologies faced challenges, resulting in a decline of approximately -21.47% in revenue growth as of 31 March, 2024. This signifies a reduction in the company’s top-line earnings. When compared to others in the Materials sector, the company faces challenges, achieving a growth rate lower than the average among peers.

Key Profitability Indicators:

Gross Margin: The company shows a low gross margin of 17.03%, suggesting potential challenges in cost control and profitability compared to its peers.

Earnings per Share (EPS): Core Molding Technologies’s EPS is below the industry average, signaling challenges in bottom-line performance with a current EPS of 0.43.

Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.16.

Assessing Valuation Metrics:

Price to Earnings (P/E) Ratio: The P/E ratio of 9.5 is lower than the…

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