Commercial Vehicle Group (NASDAQ:CVGI) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $3.27 and traded as high as $4.89. Commercial Vehicle Group shares last traded at $4.88, with a volume of 431,895 shares.

Analyst Ratings Changes

CVGI has been the topic of several research analyst reports. Noble Financial reiterated an “outperform” rating on shares of Commercial Vehicle Group in a research note on Thursday, May 7th. Weiss Ratings restated a “sell (d-)” rating on shares of Commercial Vehicle Group in a report on Tuesday, June 9th. Barrington Research reaffirmed an “outperform” rating and issued a $6.00 price target on shares of Commercial Vehicle Group in a research note on Monday, May 4th. Finally, Wall Street Zen upgraded shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, Commercial Vehicle Group presently has a consensus rating of “Hold” and a consensus price target of $6.00.

Commercial Vehicle Group Trading Up 6.3%

The firm has a market capitalization of $178.22 million, a P/E ratio of -9.38 and a beta of 1.43. The stock has a 50-day simple moving average of $4.93 and a two-hundred day simple moving average of $3.27. The company has a current ratio of 2.13, a quick ratio of 1.20 and a debt-to-equity ratio of 0.69.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings results on Tuesday, May 5th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.04. Commercial Vehicle Group had a negative return on equity of 12.47% and a negative net margin of 2.70%.The firm had revenue of $171.50 million for the quarter, compared to analyst estimates of $159.97 million. On average, equities research analysts anticipate 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 institutional investors have recently bought and sold shares of CVGI. NewEdge Advisors LLC purchased a new stake in Commercial Vehicle Group during the first quarter worth $44,000. Engineers Gate Manager LP increased its holdings in shares of Commercial Vehicle Group by 87.1% in the 2nd quarter. Engineers Gate Manager LP now owns 20,116 shares of the company’s stock valued at $33,000 after acquiring an additional 9,364 shares during the period. Virtu Financial LLC bought a new position in shares of Commercial Vehicle Group in the 4th quarter worth $33,000. Bank of America Corp DE raised its position in shares of Commercial Vehicle Group by 46.1% in 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. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of Commercial Vehicle Group during the 2nd quarter worth $78,000. 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.