Commercial Vehicle Group (NASDAQ:CVGI) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Commercial Vehicle Group, Inc. (NASDAQ:CVGI)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $3.03 and traded as high as $4.91. Commercial Vehicle Group shares last traded at $4.75, with a volume of 398,796 shares changing hands.

Analyst Ratings Changes

A number of research firms recently commented on CVGI. Wall Street Zen upgraded Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Barrington Research restated an “outperform” rating and set a $6.00 price target on shares of Commercial Vehicle Group in a report on Monday, May 4th. Noble Financial reaffirmed an “outperform” rating on shares of Commercial Vehicle Group in a research note on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Commercial Vehicle Group in a report on Tuesday, June 9th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Commercial Vehicle Group presently has a consensus rating of “Hold” and an average target price of $6.00.

Commercial Vehicle Group Price Performance

The firm’s 50-day moving average price is $4.82 and its 200-day moving average price is $3.03. 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 stock has a market capitalization of $173.47 million, a PE ratio of -9.13 and a beta of 1.40.

Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings results on Tuesday, May 5th. The company reported ($0.10) EPS for the quarter, topping 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 company had revenue of $171.50 million during the quarter, compared to analyst estimates of $159.97 million. On average, equities analysts forecast that Commercial Vehicle Group, Inc. will post -0.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Commercial Vehicle Group

A number of institutional investors and hedge funds have recently modified their holdings of CVGI. Engineers Gate Manager LP increased its position in Commercial Vehicle Group by 87.1% during the second 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 last quarter. Virtu Financial LLC bought a new stake in shares of Commercial Vehicle Group in the 4th quarter worth about $33,000. NewEdge Advisors LLC bought a new stake in shares of Commercial Vehicle Group in the 1st quarter worth about $44,000. Teton Advisors LLC purchased a new position in shares of Commercial Vehicle Group during the 3rd quarter worth about $78,000. Finally, Qube Research & Technologies Ltd purchased a new position in shares of Commercial Vehicle Group during the 2nd quarter worth about $78,000. Hedge funds and other 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.