Commercial Vehicle Group (NASDAQ:CVGI) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $2.72 and traded as high as $5.88. Commercial Vehicle Group shares last traded at $5.7850, with a volume of 633,948 shares traded.

Analyst Upgrades and Downgrades

CVGI has been the topic of a number of analyst reports. Barrington Research restated an “outperform” rating and issued a $6.00 target price on shares of Commercial Vehicle Group in a report on Monday, May 4th. Wall Street Zen upgraded shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Finally, Noble Financial restated an “outperform” rating on shares of Commercial Vehicle Group in a report on Thursday, May 7th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $6.00.

Commercial Vehicle Group Stock Down 13.8%

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’s 50-day simple moving average is $4.52 and its 200-day simple moving average is $2.76. The firm has a market capitalization of $172.60 million, a P/E ratio of -9.15 and a beta of 1.40.

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

Institutional Investors Weigh In On Commercial Vehicle Group

Institutional investors have recently added to or reduced their stakes in the company. Engineers Gate Manager LP grew its position in shares of Commercial Vehicle Group by 87.1% during 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 during the 4th quarter valued at approximately $33,000. NewEdge Advisors LLC bought a new position in shares of Commercial Vehicle Group during the 1st quarter valued at approximately $44,000. Teton Advisors LLC bought a new position in shares of Commercial Vehicle Group during the 3rd quarter valued at approximately $78,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of Commercial Vehicle Group during the 2nd quarter valued at approximately $78,000. 72.32% of the stock is owned by 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.