Commercial Vehicle Group (NASDAQ:CVGI) Share Price Passes Above 200 Day Moving Average – Should You Sell?

Commercial Vehicle Group, Inc. (NASDAQ:CVGI)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.71 and traded as high as $1.80. Commercial Vehicle Group shares last traded at $1.75, with a volume of 58,371 shares.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CVGI shares. Zacks Research upgraded Commercial Vehicle Group from a “strong sell” rating to a “hold” rating in a report on Monday, October 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Commercial Vehicle Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce”.

Commercial Vehicle Group Stock Performance

The company has a 50-day moving average of $1.60 and a 200-day moving average of $1.71. The company has a market cap of $62.44 million, a PE ratio of -1.05 and a beta of 1.93. The company has a quick ratio of 1.36, a current ratio of 2.45 and a debt-to-equity ratio of 0.79.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The company had revenue of $152.49 million for the quarter, compared to the consensus estimate of $157.40 million. Commercial Vehicle Group had a negative net margin of 8.35% and a negative return on equity of 11.03%. As a group, analysts anticipate that Commercial Vehicle Group, Inc. will post 0.11 earnings per share for the current year.

Institutional Investors Weigh In On Commercial Vehicle Group

A number of institutional investors have recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its position in shares of Commercial Vehicle Group by 46.1% during the 4th quarter. Bank of America Corp DE now owns 32,473 shares of the company’s stock worth $81,000 after buying an additional 10,242 shares in the last quarter. Jane Street Group LLC increased its position in shares of Commercial Vehicle Group by 259.3% during the first quarter. Jane Street Group LLC now owns 74,086 shares of the company’s stock valued at $85,000 after acquiring an additional 53,468 shares during the last quarter. Strs Ohio purchased a new stake in shares of Commercial Vehicle Group during the first quarter valued at approximately $195,000. Assenagon Asset Management S.A. lifted its holdings in Commercial Vehicle Group by 125.4% during the second quarter. Assenagon Asset Management S.A. now owns 82,569 shares of the company’s stock worth $137,000 after acquiring an additional 45,944 shares during the period. Finally, Peapod Lane Capital LLC boosted its position in Commercial Vehicle Group by 61.4% in the second quarter. Peapod Lane Capital LLC now owns 912,050 shares of the company’s stock worth $1,514,000 after purchasing an additional 346,960 shares during the last quarter. 72.32% of the stock is owned by institutional investors.

About Commercial Vehicle Group

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.