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

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.56 and traded as high as $5.32. Commercial Vehicle Group shares last traded at $5.19, with a volume of 649,551 shares changing hands.

Wall Street Analyst Weigh In

CVGI has been the topic of several research analyst reports. Wall Street Zen upgraded shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Barrington Research reiterated an “outperform” rating and issued a $6.00 target price on shares of Commercial Vehicle Group in a research report on Monday, May 4th. Finally, Noble Financial reiterated an “outperform” rating on shares of Commercial Vehicle Group in a research report on Thursday, May 7th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $6.00.

Commercial Vehicle Group Trading Up 4.4%

The company’s 50 day moving average price is $4.24 and its two-hundred day moving average price is $2.56. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.13 and a quick ratio of 1.20. The stock has a market capitalization of $188.18 million, a PE ratio of -9.98 and a beta of 1.35.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its quarterly earnings results on Tuesday, May 5th. The company reported ($0.10) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.04. The firm had revenue of $171.50 million for the quarter, compared to the consensus estimate of $159.97 million. Commercial Vehicle Group had a negative net margin of 2.70% and a negative return on equity of 12.47%. As a group, analysts expect that Commercial Vehicle Group, Inc. will post -0.1 earnings per share for the current year.

Hedge Funds Weigh In On Commercial Vehicle Group

Several hedge funds and other institutional investors have recently modified their holdings of CVGI. Sei Investments Co. purchased a new position in shares of Commercial Vehicle Group in the first quarter worth about $1,262,000. Walleye Capital LLC purchased a new position in Commercial Vehicle Group during the first quarter worth about $851,000. Arrowstreet Capital Limited Partnership raised its stake in 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 during the period. Laurel Oak Wealth Management LLC purchased a new position in Commercial Vehicle Group during the first quarter worth about $375,000. Finally, Renaissance Technologies LLC raised its stake in Commercial Vehicle Group by 6.8% during the first quarter. Renaissance Technologies LLC now owns 1,731,491 shares of the company’s stock worth $5,904,000 after purchasing an additional 109,528 shares during the period. 72.32% of the stock is 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.