Commercial Vehicle Group (NASDAQ:CVGI) Shares Cross 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 Thursday . The stock has a 200-day moving average of $2.87 and traded as high as $5.13. Commercial Vehicle Group shares last traded at $5.07, with a volume of 512,203 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently commented on CVGI. Noble Financial reaffirmed an “outperform” rating on shares of Commercial Vehicle Group in a report on Thursday, May 7th. Barrington Research reaffirmed an “outperform” rating and set a $6.00 target price on shares of Commercial Vehicle Group in a report on Monday, May 4th. Wall Street Zen raised shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Commercial Vehicle Group in a report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $6.00.

Commercial Vehicle Group Price Performance

The company has a current ratio of 2.13, a quick ratio of 1.20 and a debt-to-equity ratio of 0.69. The firm has a market cap of $185.16 million, a price-to-earnings ratio of -9.75 and a beta of 1.40. The company’s 50-day moving average is $4.65 and its 200-day moving average is $2.87.

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

Institutional Trading of Commercial Vehicle Group

Several large investors have recently made changes to their positions in CVGI. Bank of America Corp DE boosted its position 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 in the last quarter. Jane Street Group LLC boosted its position in shares of Commercial Vehicle Group by 259.3% during the 1st quarter. Jane Street Group LLC now owns 74,086 shares of the company’s stock worth $85,000 after acquiring an additional 53,468 shares in the last quarter. XTX Topco Ltd acquired a new stake in shares of Commercial Vehicle Group during the 2nd quarter worth approximately $174,000. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Commercial Vehicle Group during the 2nd quarter worth approximately $84,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Commercial Vehicle Group during the 2nd quarter worth approximately $78,000. 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.