Commercial Vehicle Group, Inc. (NASDAQ:CVGI) hit a new 52-week high during trading on Thursday . The company traded as high as $10.70 and last traded at $10.66, with a volume of 197408 shares changing hands. The stock had previously closed at $10.14.

A number of brokerages have commented on CVGI. Zacks Investment Research cut Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Friday, August 11th. ValuEngine raised Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th.

The company has a debt-to-equity ratio of 2.10, a quick ratio of 1.44 and a current ratio of 2.09. The company has a market capitalization of $337.58, a price-to-earnings ratio of 29.41 and a beta of 0.85.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its earnings results on Monday, November 6th. The company reported $0.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.11. Commercial Vehicle Group had a return on equity of 14.58% and a net margin of 0.82%. The company had revenue of $198.30 million for the quarter, compared to analyst estimates of $173.90 million. During the same quarter last year, the company earned $0.07 earnings per share. The company’s revenue for the quarter was up 29.1% on a year-over-year basis. equities analysts forecast that Commercial Vehicle Group, Inc. will post 0.32 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of the company. California Public Employees Retirement System lifted its holdings in shares of Commercial Vehicle Group by 17.4% in the third quarter. California Public Employees Retirement System now owns 193,444 shares of the company’s stock valued at $1,422,000 after purchasing an additional 28,644 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its holdings in shares of Commercial Vehicle Group by 33.4% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 210,591 shares of the company’s stock valued at $1,546,000 after purchasing an additional 52,700 shares in the last quarter. Royce & Associates LP lifted its holdings in shares of Commercial Vehicle Group by 8.8% in the third quarter. Royce & Associates LP now owns 2,011,183 shares of the company’s stock valued at $14,782,000 after purchasing an additional 162,546 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Commercial Vehicle Group by 16.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,602,168 shares of the company’s stock valued at $11,776,000 after purchasing an additional 220,524 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of Commercial Vehicle Group by 54.7% in the third quarter. Wells Fargo & Company MN now owns 15,312 shares of the company’s stock valued at $113,000 after purchasing an additional 5,412 shares in the last quarter. Institutional investors own 72.54% of the company’s stock.

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About Commercial Vehicle Group

Commercial Vehicle Group, Inc is a supplier of a range of cab-related products and systems. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems.

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