New insider activity at Core Molding Technologies ( (CMT) ) has taken place on March 20, 2025.
Eric Palomaki, the Executive Vice President of Operations at Core Molding Technologies, has made a significant investment by purchasing 2,000 shares of the company’s stock, valued at $28,000.
Recent Updates on CMT stock
Core Molding Technologies recently announced a strategic presentation by its executive management team to enhance investor relations, focusing on growth through sales development, technological advancements, and potential acquisitions. The company reported a challenging fiscal year 2024 with a 15.5% decline in net sales due to reduced demand in key markets, yet achieved record operational cash flow and maintained margin stability. Analyst Chip Moore from Roth MKM lowered the price target for Core Molding, citing macroeconomic uncertainty and a significant program transition with Volvo impacting revenues. Despite these challenges, the analyst noted the company’s resilient profitability and compelling entry point for investors. Core Molding’s strategic initiatives, including new business wins and investments in growth markets, position it for future success despite current headwinds.
More about Core Molding Technologies
YTD Price Performance: -8.01%
Average Trading Volume: 43,302
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $123.6M