Commercial Vehicle Group (NASDAQ:CVGI) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Commercial Vehicle Group, Inc. (NASDAQ:CVGI)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.80 and traded as high as $3.57. Commercial Vehicle Group shares last traded at $3.19, with a volume of 665,490 shares.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CVGI. Wall Street Zen upgraded Commercial Vehicle Group from a “hold” rating to a “buy” rating in a report on Sunday, March 22nd. Weiss Ratings restated 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 given a Sell rating to the stock. According to data from MarketBeat, Commercial Vehicle Group currently has a consensus rating of “Reduce”.

Commercial Vehicle Group Stock Down 9.1%

The stock has a 50 day moving average price of $2.11 and a 200 day moving average price of $1.80. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.34 and a current ratio of 2.43. The company has a market capitalization of $116.88 million, a P/E ratio of -4.76 and a beta of 1.89.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its quarterly earnings results on Tuesday, March 10th. The company reported ($0.18) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.03). The company had revenue of $154.76 million for the quarter, compared to the consensus estimate of $147.05 million. Commercial Vehicle Group had a negative net margin of 3.51% and a negative return on equity of 11.74%. Equities research analysts forecast that Commercial Vehicle Group, Inc. will post 0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Commercial Vehicle Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of America Corp DE grew its stake in shares of Commercial Vehicle Group by 46.1% during the 4th quarter. Bank of America Corp DE now owns 32,473 shares of the company’s stock worth $81,000 after acquiring an additional 10,242 shares during the period. Jane Street Group LLC grew its stake in Commercial Vehicle Group by 259.3% during the first quarter. Jane Street Group LLC now owns 74,086 shares of the company’s stock valued at $85,000 after acquiring an additional 53,468 shares in the last quarter. XTX Topco Ltd bought a new position in Commercial Vehicle Group in the 2nd quarter valued at $174,000. Arrowstreet Capital Limited Partnership bought a new position in Commercial Vehicle Group in the 2nd quarter valued at $84,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Commercial Vehicle Group during the 2nd quarter valued at $78,000. 72.32% of the stock is owned by 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.