Core Molding Technologies authorizes $7.5M stock repurchase program

* Core Molding Technologies (CMT [https://seekingalpha.com/symbol/CMT]) on Thursday said its board authorized a stock repurchase program of up to $7.5 million of the company’s issued and outstanding common stock.
* The engineered materials company said the buybacks would be carried out in the open market in accordance with applicable securities laws.
* The program does not obligate the company to repurchase any specific amount of shares and may be suspended or terminated at any time at its discretion.
* CMT +0.62% after hours to $19.46.
* Source: Press Release [https://seekingalpha.com/pr/20435972-core-molding-technologies-announces-7500-000-stock-repurchase-program]

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* Seeking Alpha’s Quant Rating on Core Molding [https://seekingalpha.com/symbol/CMT/ratings/quant-ratings]
* Historical earnings data for Core Molding [https://seekingalpha.com/symbol/CMT/earnings]