BidaskClub upgraded shares of Commercial Vehicle Group (NASDAQ:CVGI) from a strong sell rating to a sell rating in a report published on Saturday morning.

Other analysts have also issued reports about the stock. ValuEngine raised shares of Commercial Vehicle Group from a sell rating to a hold rating in a research note on Wednesday. Zacks Investment Research lowered shares of Commercial Vehicle Group from a buy rating to a hold rating in a research report on Monday, July 23rd. Finally, TheStreet raised shares of Commercial Vehicle Group from a d+ rating to a c rating in a research report on Thursday, May 31st.

Shares of NASDAQ CVGI traded down $0.04 during mid-day trading on Friday, reaching $9.04. The company had a trading volume of 244,042 shares, compared to its average volume of 199,429. The company has a current ratio of 2.43, a quick ratio of 1.64 and a debt-to-equity ratio of 1.72. The stock has a market cap of $281.97 million, a PE ratio of 20.55 and a beta of 1.59. Commercial Vehicle Group has a 52 week low of $5.55 and a 52 week high of $13.90.

Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings data on Thursday, August 9th. The company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.34 by $0.09. Commercial Vehicle Group had a net margin of 2.46% and a return on equity of 38.01%. The company had revenue of $233.39 million during the quarter, compared to analyst estimates of $232.60 million. sell-side analysts forecast that Commercial Vehicle Group will post 1.4 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in CVGI. First Quadrant L P CA grew its stake in shares of Commercial Vehicle Group by 18.5% during the 2nd quarter. First Quadrant L P CA now owns 49,803 shares of the company’s stock worth $366,000 after purchasing an additional 7,769 shares during the period. Wedge Capital Management L L P NC grew its stake in shares of Commercial Vehicle Group by 16.2% during the 2nd quarter. Wedge Capital Management L L P NC now owns 77,153 shares of the company’s stock worth $566,000 after purchasing an additional 10,753 shares during the period. Citigroup Inc. grew its stake in shares of Commercial Vehicle Group by 389.9% during the 1st quarter. Citigroup Inc. now owns 14,962 shares of the company’s stock worth $116,000 after purchasing an additional 11,908 shares during the period. MetLife Investment Advisors LLC acquired a new stake in shares of Commercial Vehicle Group during the 4th quarter worth approximately $135,000. Finally, Chicago Equity Partners LLC grew its stake in shares of Commercial Vehicle Group by 7.4% during the 1st quarter. Chicago Equity Partners LLC now owns 197,495 shares of the company’s stock worth $1,531,000 after purchasing an additional 13,650 shares during the period. 73.20% of the stock is owned by institutional investors and hedge funds.

About Commercial Vehicle Group

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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