Commercial Vehicle Group (NASDAQ:CVGI) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Commercial Vehicle Group, Inc. (NASDAQ:CVGI)’s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.66 and traded as high as $1.76. Commercial Vehicle Group shares last traded at $1.73, with a volume of 45,494 shares.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Commercial Vehicle Group in a research report on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Commercial Vehicle Group Price Performance

The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.36 and a current ratio of 2.45. The company has a market cap of $63.54 million, a P/E ratio of -1.07 and a beta of 1.94. The firm’s fifty day moving average is $1.62 and its two-hundred day moving average is $1.66.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CVGI. Virtu Financial LLC purchased a new stake in Commercial Vehicle Group during the 4th quarter valued at approximately $33,000. Engineers Gate Manager LP boosted its position in shares of Commercial Vehicle Group by 87.1% during the second quarter. Engineers Gate Manager LP now owns 20,116 shares of the company’s stock worth $33,000 after acquiring an additional 9,364 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in Commercial Vehicle Group during the second quarter valued at $78,000. Teton Advisors LLC bought a new stake in Commercial Vehicle Group in the 3rd quarter valued at $78,000. Finally, Bank of America Corp DE lifted its stake in 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 purchasing an additional 10,242 shares in the last quarter. 72.32% of the stock is owned by hedge funds and other institutional investors.

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.