Commercial Vehicle Group, Inc. (NASDAQ:CVGI) Scheduled to Post Quarterly Earnings on Tuesday
Commercial Vehicle Group, Inc. (NASDAQ:CVGI) is set to issue its quarterly earnings data after the market closes on Tuesday, August 1st. Analysts expect the company to announce earnings of $0.12 per share for the quarter.
Shares of Commercial Vehicle Group, Inc. (NASDAQ CVGI) opened at 8.60 on Tuesday. Commercial Vehicle Group, Inc. has a 1-year low of $3.82 and a 1-year high of $9.62. The stock’s 50 day moving average price is $8.29 and its 200-day moving average price is $7.22. The company has a market capitalization of $265.27 million, a PE ratio of 53.75 and a beta of 0.65.
In related news, Director Scott C. Arves sold 8,500 shares of the stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $9.30, for a total transaction of $79,050.00. Following the sale, the director now directly owns 107,606 shares of the company’s stock, valued at $1,000,735.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 3.01% of the company’s stock.
Several equities research analysts recently commented on CVGI shares. Seaport Global Securities dropped their price objective on Commercial Vehicle Group from $11.00 to $8.50 and set a “buy” rating on the stock in a research report on Monday, May 8th. Zacks Investment Research raised Commercial Vehicle Group from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a research report on Friday, March 31st.
About Commercial Vehicle Group
Commercial Vehicle Group, Inc is a supplier of a range of cab-related products and systems. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems.
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