Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) traded up 5.4% during trading on Thursday . The company traded as high as $9.00 and last traded at $8.97. 627,459 shares changed hands during trading, an increase of 227% from the average session volume of 191,608 shares. The stock had previously closed at $8.51.

A number of analysts recently commented on the stock. Zacks Investment Research upgraded shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating and set a $9.00 price target on the stock in a research note on Friday, March 15th. ValuEngine upgraded shares of Commercial Vehicle Group from a “sell” rating to a “hold” rating in a research note on Thursday, March 14th. Finally, BidaskClub upgraded shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research note on Wednesday, March 6th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $9.00.

The company has a market cap of $261.76 million, a P/E ratio of 6.14 and a beta of 2.35. The company has a debt-to-equity ratio of 1.34, a quick ratio of 1.68 and a current ratio of 2.37.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings results on Monday, March 11th. The company reported $0.29 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.03. The company had revenue of $223.60 million for the quarter, compared to analysts’ expectations of $215.00 million. Commercial Vehicle Group had a net margin of 4.96% and a return on equity of 41.48%.

A number of institutional investors have recently bought and sold shares of CVGI. Dalton Greiner Hartman Maher & Co. lifted its position in shares of Commercial Vehicle Group by 8.8% in the 1st quarter. Dalton Greiner Hartman Maher & Co. now owns 451,362 shares of the company’s stock worth $3,462,000 after purchasing an additional 36,631 shares during the period. Geode Capital Management LLC increased its stake in shares of Commercial Vehicle Group by 11.8% in the 4th quarter. Geode Capital Management LLC now owns 361,006 shares of the company’s stock worth $2,057,000 after acquiring an additional 38,138 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Commercial Vehicle Group by 1.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,777,364 shares of the company’s stock worth $10,131,000 after acquiring an additional 23,171 shares in the last quarter. Municipal Employees Retirement System of Michigan bought a new position in shares of Commercial Vehicle Group in the 4th quarter worth about $515,000. Finally, Squarepoint Ops LLC increased its stake in shares of Commercial Vehicle Group by 66.8% in the 4th quarter. Squarepoint Ops LLC now owns 33,532 shares of the company’s stock worth $191,000 after acquiring an additional 13,432 shares in the last quarter. 76.40% of the stock is currently owned by institutional investors and hedge funds.

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About Commercial Vehicle Group (NASDAQ:CVGI)

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, engineers, produces, and sells a range of cab related products and systems in North America, Europe, and the Asia Pacific regions. It operates through two segments, the Global Truck and Bus, and the Global Construction and Agriculture.

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