Commercial Vehicle Group (CVGI) Downgraded by ValuEngine

Commercial Vehicle Group (NASDAQ:CVGI) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Friday.

Separately, Zacks Investment Research lowered shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a report on Friday, August 11th.

Shares of Commercial Vehicle Group (NASDAQ:CVGI) traded down $0.16 during mid-day trading on Friday, hitting $10.98. 328,487 shares of the company were exchanged, compared to its average volume of 276,239. The company has a quick ratio of 1.44, a current ratio of 2.09 and a debt-to-equity ratio of 2.10. The firm has a market capitalization of $336.62, a PE ratio of 32.29 and a beta of 0.98. Commercial Vehicle Group has a 52-week low of $5.12 and a 52-week high of $11.85.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings data on Monday, November 6th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.11. Commercial Vehicle Group had a net margin of 0.82% and a return on equity of 14.58%. The firm had revenue of $198.30 million during the quarter, compared to analysts’ expectations of $173.90 million. During the same quarter in the previous year, the business posted $0.07 earnings per share. The business’s quarterly revenue was up 29.1% compared to the same quarter last year. equities analysts forecast that Commercial Vehicle Group will post 0.32 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Royce & Associates LP grew its position in Commercial Vehicle Group by 8.8% in the third quarter. Royce & Associates LP now owns 2,011,183 shares of the company’s stock valued at $14,782,000 after acquiring an additional 162,546 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Commercial Vehicle Group by 50.1% during the second quarter. Renaissance Technologies LLC now owns 1,864,305 shares of the company’s stock worth $15,753,000 after buying an additional 622,305 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Commercial Vehicle Group by 16.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,602,168 shares of the company’s stock worth $11,776,000 after buying an additional 220,524 shares in the last quarter. Numeric Investors LLC grew its position in shares of Commercial Vehicle Group by 56.5% during the second quarter. Numeric Investors LLC now owns 1,535,958 shares of the company’s stock worth $12,979,000 after buying an additional 554,206 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Commercial Vehicle Group by 1.4% during the second quarter. Vanguard Group Inc. now owns 1,146,577 shares of the company’s stock worth $9,689,000 after buying an additional 15,512 shares in the last quarter. Hedge funds and other institutional investors own 76.65% of the company’s stock.

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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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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