Commercial Vehicle Group Director Sells $197,000 in Stock (CVGI)
Commercial Vehicle Group (NASDAQ:CVGI) Director S A. Johnson sold 20,000 shares of Commercial Vehicle Group stock on the open market in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $9.85, for a total transaction of $197,000.00. Following the completion of the transaction, the director now directly owns 52,762 shares of the company’s stock, valued at approximately $519,706. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Commercial Vehicle Group (NASDAQ:CVGI) traded down 1.93% on Tuesday, hitting $9.63. The stock had a trading volume of 144,406 shares. Commercial Vehicle Group has a 1-year low of $6.62 and a 1-year high of $10.00. The stock has a 50-day moving average of $9.48 and a 200-day moving average of $8.4. The company’s market cap is $277.9 million.
Commercial Vehicle Group (NASDAQ:CVGI) last released its earnings data on Monday, May 5th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.08. The company had revenue of $198.10 million for the quarter, compared to the consensus estimate of $190.24 million. Analysts expect that Commercial Vehicle Group will post $0.37 EPS for the current fiscal year.
A number of analysts have recently weighed in on CVGI shares. Analysts at Zacks downgraded shares of Commercial Vehicle Group from an “outperform” rating to a “neutral” rating in a research note on Friday, May 23rd. They now have a $10.60 price target on the stock.
Commercial Vehicle Group, Inc (NASDAQ:CVGI) is a supplier of a range of cab related products and systems for the global commercial vehicle market, including the heavy-duty (Class 8) truck market, the construction, military, bus and agriculture markets and the specialty transportation markets.
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