Core Molding Tech: Lowest in 2-1/2 years as profit plunges

Core Molding Technologies

08/08/2018 16:57

** Shares  CMT.A  slump as much as 31.1 pct to near
two-and-half year low of $9.42
    ** Maker of sheet molded products for trucks reports Q2
profit of $400,000, a steep drop from $2.1 mln a year earlier
    ** Overall expenses surge to $13.2 mln from $8.1
mln urn:newsml:reuters.com:*:nPn5RjkDba
    ** Second biggest pct decliner across all U.S. exchanges  
    ** Q2 gross margin drops to 11.5 pct from 15.5 pct
    ** More than 108.9k shares exchange hands, 5.4x their 25-day
moving avg vols
    ** Including session's losses, shares have lost more than
half their value YTD
    

 (Reporting by Shreyashi Sanyal in Bengaluru)
 ((RM: Shreyashi.Sanyal.thomsonreuters.com@reuters.net))