Commercial Vehicle Group (NASDAQ:CVGI) Shares Pass Above 200 Day Moving Average – Here’s Why

Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.67 and traded as high as $1.81. Commercial Vehicle Group shares last traded at $1.72, with a volume of 167,549 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Commercial Vehicle Group in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

Commercial Vehicle Group Price Performance

The stock has a fifty day moving average of $1.60 and a 200-day moving average of $1.67. The firm has a market capitalization of $63.18 million, a P/E ratio of -1.06 and a beta of 1.94. The company has a quick ratio of 1.36, a current ratio of 2.45 and a debt-to-equity ratio of 0.79.

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

Institutional Trading of Commercial Vehicle Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Peapod Lane Capital LLC lifted its holdings in Commercial Vehicle Group by 61.4% in the second quarter. Peapod Lane Capital LLC now owns 912,050 shares of the company’s stock valued at $1,514,000 after buying an additional 346,960 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of Commercial Vehicle Group by 463.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 285,122 shares of the company’s stock valued at $485,000 after acquiring an additional 234,545 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Commercial Vehicle Group during the 2nd quarter valued at $174,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Commercial Vehicle Group in the 2nd quarter valued at $118,000. Finally, Bridgeway Capital Management LLC boosted its position in shares of Commercial Vehicle Group by 88.7% in the 3rd quarter. Bridgeway Capital Management LLC now owns 117,803 shares of the company’s stock worth $200,000 after purchasing an additional 55,382 shares during the last quarter. Institutional investors and hedge funds own 72.32% of the company’s stock.

Commercial Vehicle Group Company Profile

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.