Commercial Vehicle Group (NASDAQ:CVGI) Share Price Crosses Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Shares crossed above the 200‑day moving average
• Analyst views are mixed—Wall Street Zen upgraded to a Buy while Weiss Ratings remains at Sell—and MarketBeat shows a consensus rating of "Reduce".
• Fundamentals are weak: the company reported an EPS loss of ($0.18), missing estimates by $0.03, has negative net margin and ROE despite revenue beating estimates at $154.76M, with a market cap around $151.7M and ~72% institutional ownership.

Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Get Free Report)'s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.88 and traded as high as $4.39. Commercial Vehicle Group shares last traded at $4.14, with a volume of 700,009 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Commercial Vehicle Group from a "hold" rating to a "buy" rating in a research note on Sunday, March 22nd. Weiss Ratings reissued a "sell (d)" rating on shares of Commercial Vehicle Group in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Reduce".

Commercial Vehicle Group Stock Performance

The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.34 and a current ratio of 2.43. The firm's 50 day simple moving average is $2.36 and its 200-day simple moving average is $1.88. The company has a market cap of $151.68 million, a price-to-earnings ratio of -6.18 and a beta of 1.30.

Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) last announced its earnings results on Tuesday, March 10th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.03). Commercial Vehicle Group had a negative return on equity of 11.74% and a negative net margin of 3.51%.The business had revenue of $154.76 million for the quarter, compared to analyst estimates of $147.05 million. On average, sell-side analysts predict that Commercial Vehicle Group, Inc. will post 0.11 EPS for the current year.

Institutional Investors Weigh In On Commercial Vehicle Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Engineers Gate Manager LP boosted its stake in Commercial Vehicle Group by 87.1% during the 2nd quarter. Engineers Gate Manager LP now owns 20,116 shares of the company's stock worth $33,000 after purchasing an additional 9,364 shares during the last quarter. Virtu Financial LLC acquired a new stake in Commercial Vehicle Group during the 4th quarter worth $33,000. Bank of America Corp DE boosted 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 worth $81,000 after purchasing an additional 10,242 shares during the last quarter. Teton Advisors LLC acquired a new stake in Commercial Vehicle Group during the 3rd quarter worth $78,000. Finally, Qube Research & Technologies Ltd acquired a new stake in Commercial Vehicle Group during the 2nd quarter worth $78,000. Institutional investors and hedge funds own 72.32% of the company's stock.

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.

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