Core molding technologies director sells over $35k in company stock By Investing.com

Core Molding Technologies Inc . (NYSEAMERICAN:NYSE:) Director Ralph O. Hellmold has recently sold a portion of his holdings in the company, according to the latest filings with the Securities and Exchange Commission. The transactions, which took place on May 23 and 24, resulted in the sale of a total of 1,873 shares of the company’s common stock, netting a total of $35,587.

The sold shares were transacted at a weighted average price of $19.00, with the price range for these sales being from $19.00 to $19.025 per share. This information was detailed in a footnote of the filing, which also stated that the director is willing to provide further details about the specific numbers of shares sold at each price upon request.

Following these transactions, Director Hellmold’s direct ownership in Core Molding Technologies stands at 27,440 shares. The sales by Hellmold, who serves on the company’s board, represent a change in his investment position and provide the market with insight into insider activity at Core Molding Technologies.

Investors and market watchers often pay close attention to insider trades like these, as they can offer signals about the perspectives of those most intimately knowledgeable about the company. The recent sales by a Core Molding Technologies director could be a point of interest for current and potential shareholders as they assess the company’s stock performance and future prospects.

InvestingPro Insights

In light of recent insider sales at Core Molding Technologies Inc. (NYSEAMERICAN:CMT), investors may be seeking additional context to understand the potential impact on their investment decisions. Here are some key metrics and insights from InvestingPro that could shed light on the company’s financial health and stock performance:

InvestingPro Data:

• The company’s revenue for the last twelve months as of Q1 2024 stood at $336.38 million, with a noted decline of 12.92% compared to the same period last year.

• Gross profit during the same timeframe was $60.08 million, resulting in a gross profit margin of 17.86%.

• Core Molding Technologies’ operating income margin was 7.07%, with an adjusted operating income of $23.79 million.

InvestingPro Tips:

• Analysts who follow Core Molding Technologies predict that the company will be profitable this year, which aligns with the company’s performance over the last twelve months.

• The stock price movements for CMT have been quite volatile, which may influence the timing of insider transactions like those executed by Director Ralph O. Hellmold.

For investors looking for more in-depth analysis and additional InvestingPro Tips related to Core Molding Technologies, there are more tips available at https://www.investing.com/pro/CMT. To further enhance your investment strategy, use coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription. This insider activity, combined with the provided financial metrics and analysis, can help shareholders make more informed decisions regarding their investment in Core Molding Technologies.

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