Commercial Vehicle Group (NASDAQ:CVGI) Shares Pass Above 200 Day Moving Average – Should You Sell?

Commercial Vehicle Group, Inc. (NASDAQ:CVGI)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.27 and traded as high as $4.89. Commercial Vehicle Group shares last traded at $4.88, with a volume of 431,895 shares.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CVGI. Wall Street Zen upgraded shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Noble Financial reiterated an “outperform” rating on shares of Commercial Vehicle Group in a research note on Thursday, May 7th. Barrington Research reissued an “outperform” rating and set a $6.00 target price on shares of Commercial Vehicle Group in a research report on Monday, May 4th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Commercial Vehicle Group in a research note on Tuesday, June 9th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $6.00.

Commercial Vehicle Group Stock Performance

The firm has a market cap of $178.22 million, a price-to-earnings ratio of -9.38 and a beta of 1.43. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.13 and a quick ratio of 1.20. The firm has a fifty day simple moving average of $4.93 and a two-hundred day simple moving average of $3.27.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.14) by $0.04. The firm had revenue of $171.50 million during the quarter, compared to analyst estimates of $159.97 million. Commercial Vehicle Group had a negative net margin of 2.70% and a negative return on equity of 12.47%. On average, analysts expect that Commercial Vehicle Group, Inc. will post -0.1 EPS for the current year.

Hedge Funds Weigh In On Commercial Vehicle Group

Several hedge funds have recently made changes to their positions in CVGI. Virtu Financial LLC purchased a new position in shares of Commercial Vehicle Group in the fourth quarter worth about $33,000. Engineers Gate Manager LP increased its holdings in Commercial Vehicle Group by 87.1% in the 2nd quarter. Engineers Gate Manager LP now owns 20,116 shares of the company’s stock worth $33,000 after buying an additional 9,364 shares during the period. NewEdge Advisors LLC acquired a new position in Commercial Vehicle Group in the 1st quarter worth approximately $44,000. Qube Research & Technologies Ltd purchased a new position in Commercial Vehicle Group during the 2nd quarter worth approximately $78,000. Finally, Bank of America Corp DE lifted its stake in 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 valued at $81,000 after acquiring an additional 10,242 shares during the period. 72.32% of the stock is owned by institutional investors and hedge funds.

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.