Commercial Vehicle Group (NASDAQ:CVGI) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Commercial Vehicle Group, Inc. (NASDAQ:CVGI)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $3.43 and traded as high as $4.74. Commercial Vehicle Group shares last traded at $4.69, with a volume of 184,424 shares.

Wall Street Analyst Weigh In

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

Commercial Vehicle Group Trading Down 2.1%

The firm’s fifty day moving average is $4.99 and its 200-day moving average is $3.43. 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 firm has a market cap of $171.28 million, a price-to-earnings ratio of -9.02 and a beta of 1.43.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.04. The company had revenue of $171.50 million for the quarter, compared to the consensus estimate of $159.97 million. Commercial Vehicle Group had a negative return on equity of 12.47% and a negative net margin of 2.70%. Equities analysts anticipate that Commercial Vehicle Group, Inc. will post -0.09 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in CVGI. Engineers Gate Manager LP lifted 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 worth $33,000 after purchasing an additional 9,364 shares in the last quarter. Virtu Financial LLC purchased a new stake in shares of Commercial Vehicle Group in the fourth quarter valued at about $33,000. NewEdge Advisors LLC purchased a new stake in shares of Commercial Vehicle Group in the first quarter valued at about $44,000. Qube Research & Technologies Ltd bought a new position in shares of Commercial Vehicle Group during the second quarter valued at about $78,000. Finally, Bank of America Corp DE boosted its holdings in Commercial Vehicle Group by 46.1% during the fourth quarter. Bank of America Corp DE now owns 32,473 shares of the company’s stock worth $81,000 after purchasing an additional 10,242 shares during the last quarter. Institutional investors 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.