Shares of Core Molding Technologies (AMEX:CMT) have taken a tremendous swing upward. The stock is trading at $7.54 as of 12:58 p.m. ET, 23.6% above Friday's closing price of $6.10. Volume is at 59,173, 7.7 times the daily average of 7,700.
NEW YORK ( TheStreet) -- Shares of Core Molding Technologies (AMEX: CMT) have taken a tremendous swing upward. The stock is trading at $7.54 as of 12:58 p.m. ET, 23.6% above Friday's closing price of $6.10. Volume is at 59,173, 7.7 times the daily average of 7,700. Core Molding has a market cap of $42.9 million and is part of the consumer goods sector and consumer non-durables industry. Shares are up 5.9% year to date as of the close of trading on Friday. Core Molding Technologies, Inc., together with its subsidiaries, operates as a compounder of sheet molding composite (SMC) and molder of fiberglass reinforced plastics in the United States, Canada, and Mexico. The company has a P/E ratio of 18.4, equal to the average consumer non-durables industry P/E ratio and above the S&P 500 P/E ratio of 15.8. TheStreet Ratings rates Core Molding as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and largely solid financial position with reasonable debt levels by most measures. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, unimpressive growth in net income and poor profit margins. You can view the full Core Molding Ratings Report. See our top % gaining stocks list for other stocks that are soaring today, or get investment ideas from our investment research center. Interested in other stocks that are soaring? Get free SMS text alerts sent to you when the action happens by texting SOAR to 95370 or select from multiple alert options.