Commercial Vehicle Group (NASDAQ:CVGI) Shares Pass Above 200-Day Moving Average - What's Next?

Key Points

• Commercial Vehicle Group's stock price rose above its 200-day moving average, trading as high as $1.81 before settling at $1.76.
• Analyst ratings have shifted with Wall Street Zen upgrading the stock from a "sell" to a "hold."
• Recent institutional trading activity saw Huber Capital Management increase its stake by 39.3%, indicating growing investor interest.

Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.53 and traded as high as $1.81. Commercial Vehicle Group shares last traded at $1.76, with a volume of 74,125 shares traded.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Commercial Vehicle Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 7th.

Commercial Vehicle Group Stock Down 1.7%

The stock has a market capitalization of $65.09 million, a PE ratio of -1.56 and a beta of 2.18. The firm has a 50 day moving average of $1.80 and a two-hundred day moving average of $1.53. The company has a current ratio of 2.41, a quick ratio of 1.48 and a debt-to-equity ratio of 0.82.

Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.02). Commercial Vehicle Group had a negative net margin of 5.66% and a negative return on equity of 7.40%. The firm had revenue of $171.96 million during the quarter, compared to analysts' expectations of $161.63 million. Commercial Vehicle Group has set its FY 2025 guidance at EPS. Equities research analysts anticipate that Commercial Vehicle Group, Inc. will post 0.11 earnings per share for the current year.

Hedge Funds Weigh In On Commercial Vehicle Group

A number of institutional investors have recently made changes to their positions in the stock. Barclays PLC raised its holdings in shares of Commercial Vehicle Group by 14.2% in the fourth quarter. Barclays PLC now owns 50,413 shares of the company's stock worth $125,000 after acquiring an additional 6,257 shares during the last quarter. Engineers Gate Manager LP raised its holdings in shares of Commercial Vehicle Group by 87.1% in the second quarter. Engineers Gate Manager LP now owns 20,116 shares of the company's stock worth $33,000 after acquiring an additional 9,364 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Commercial Vehicle Group by 13.4% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 82,711 shares of the company's stock worth $206,000 after acquiring an additional 9,800 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Commercial Vehicle Group by 46.1% in the fourth quarter. Bank of America Corp DE now owns 32,473 shares of the company's stock worth $81,000 after acquiring an additional 10,242 shares during the last quarter. Finally, Ethic Inc. acquired a new position in shares of Commercial Vehicle Group in the fourth quarter worth $31,000. 72.32% of the stock is owned by institutional investors and hedge funds.

About Commercial Vehicle Group

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.