Commercial Vehicle Group (NASDAQ:CVGI) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.71 and traded as high as $1.80. Commercial Vehicle Group shares last traded at $1.75, with a volume of 58,371 shares changing hands.

Analyst Upgrades and Downgrades

A number of research firms have commented on CVGI. Zacks Research upgraded Commercial Vehicle Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Commercial Vehicle Group in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Commercial Vehicle Group has an average rating of “Reduce”.

Commercial Vehicle Group Price Performance

The company’s 50-day moving average price is $1.60 and its 200-day moving average price is $1.71. The company has a quick ratio of 1.36, a current ratio of 2.45 and a debt-to-equity ratio of 0.79. The firm has a market cap of $64.28 million, a price-to-earnings ratio of -1.08 and a beta of 1.93.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its quarterly earnings results on Monday, November 10th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). The company had revenue of $152.49 million during the quarter, compared to analyst estimates of $157.40 million. Commercial Vehicle Group had a negative net margin of 8.35% and a negative return on equity of 11.03%. On average, equities research analysts forecast that Commercial Vehicle Group, Inc. will post 0.11 EPS for the current year.

Hedge Funds Weigh In On Commercial Vehicle Group

Several hedge funds have recently added to or reduced their stakes in CVGI. Bridgeway Capital Management LLC lifted its position in Commercial Vehicle Group by 88.7% in the third quarter. Bridgeway Capital Management LLC now owns 117,803 shares of the company’s stock valued at $200,000 after acquiring an additional 55,382 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Commercial Vehicle Group by 463.7% during the third quarter. Arrowstreet Capital Limited Partnership now owns 285,122 shares of the company’s stock worth $485,000 after purchasing an additional 234,545 shares in the last quarter. Teton Advisors LLC purchased a new stake in shares of Commercial Vehicle Group in the 3rd quarter valued at about $78,000. Peapod Lane Capital LLC boosted its position in shares of Commercial Vehicle Group by 1.1% in the 3rd quarter. Peapod Lane Capital LLC now owns 922,245 shares of the company’s stock valued at $1,568,000 after purchasing an additional 10,195 shares during the period. Finally, GSA Capital Partners LLP boosted its position in shares of Commercial Vehicle Group by 30.5% in the 3rd quarter. GSA Capital Partners LLP now owns 227,101 shares of the company’s stock valued at $386,000 after purchasing an additional 53,062 shares during the period. 72.32% of the stock is currently owned by hedge funds and other institutional investors.

About Commercial Vehicle Group

Commercial Vehicle Group, Inc (NASDAQ: CVGI) is a global designer, engineer and manufacturer of seating systems and interior components for commercial vehicles. The company serves original equipment manufacturers (OEMs) in the on‐highway, off‐highway and specialty vehicle markets, supplying complete seating assemblies, suspension mechanisms and interior trim products. CVGI’s offerings are aimed at enhancing driver comfort, safety and overall vehicle usability across a diverse range of applications, from heavy‐duty trucks and transit buses to agricultural and construction equipment.

The company’s product portfolio is organized around three core segments: Seating, Controls and Interiors.