Stock Rating Upgrade
The Value Trend Rating for Core Molding Technologies Inc. (NYSEAMERICAN: CMT) improved in recent days from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Core Molding Technologies Inc. (NYSEAMERICAN: CMT) stock declined modestly by -1.2% on 4/8/24. The stock closed at $17.72. Moreover, unusually high trading volume at 177% of normal accompanied the decline. The stock has been extremely weak relative to the market over the last nine months and has declined -6.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CMT is expected to continue to be a modest Value Builder.
Core Molding Technologies has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Core Molding Technologies has a slightly positive Appreciation Score of 63 but a poor Power Rating of 29, leading to the Low Neutral Value Trend Rating.
Be the first to comment