Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.61 and traded as high as $1.94. Commercial Vehicle Group shares last traded at $1.85, with a volume of 64,233 shares.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Commercial Vehicle Group from a "sell" rating to a "hold" rating in a report on Saturday, June 7th.
Read Our Latest Report on CVGI
Commercial Vehicle Group Trading Down 2.3%
The firm has a market capitalization of $59.93 million, a price-to-earnings ratio of -1.66 and a beta of 2.08. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.23 and a current ratio of 2.12. The business has a fifty day moving average price of $1.53 and a 200 day moving average price of $1.60.
Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.08) EPS for the quarter, topping analysts' consensus estimates of ($0.15) by $0.07. Commercial Vehicle Group had a negative net margin of 4.78% and a negative return on equity of 3.86%. The firm had revenue of $169.80 million during the quarter, compared to analyst estimates of $163.50 million. As a group, equities analysts forecast that Commercial Vehicle Group, Inc. will post 0.11 earnings per share for the current year.
Institutional Investors Weigh In On Commercial Vehicle Group
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Pinnacle Holdings LLC bought a new stake in Commercial Vehicle Group during the 4th quarter valued at $26,000. Sei Investments Co. bought a new stake in Commercial Vehicle Group during the 4th quarter valued at $27,000. Ethic Inc. bought a new stake in Commercial Vehicle Group during the 4th quarter valued at $31,000. Intech Investment Management LLC bought a new stake in Commercial Vehicle Group during the 4th quarter valued at $38,000. Finally, Granite Investment Partners LLC bought a new stake in Commercial Vehicle Group during the 4th quarter valued at $42,000. 72.32% of the stock is owned by institutional investors.
Commercial Vehicle Group Company Profile
(
Get Free Report)
Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, assembles, and sells systems, assemblies, and components to commercial and electric vehicle, and industrial automation markets in North America, Europe, and the Asia-Pacific regions. The company operates in four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.
See Also
Before you consider Commercial Vehicle Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Commercial Vehicle Group wasn't on the list.
While Commercial Vehicle Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access