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.

Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Get Free Report) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 changing hands.

Analysts Set New Price Targets

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

Commercial Vehicle Group Stock Performance

The company has a market capitalization of $65.08 million, a price-to-earnings ratio of -1.56 and a beta of 1.80. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.48 and a current ratio of 2.41. The firm has a 50-day simple moving average of $1.81 and a two-hundred day simple moving average of $1.53.

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

Hedge Funds Weigh In On Commercial Vehicle Group

A number of institutional investors and hedge funds have recently made changes to their positions in CVGI. Raymond James Financial Inc. acquired a new position in shares of Commercial Vehicle Group during the fourth quarter worth about $431,000. Barclays PLC boosted its holdings in Commercial Vehicle Group by 14.2% in the fourth quarter. Barclays PLC now owns 50,413 shares of the company's stock valued at $125,000 after purchasing an additional 6,257 shares in the last quarter. Mariner LLC acquired a new position in Commercial Vehicle Group in the fourth quarter valued at approximately $80,000. Price T Rowe Associates Inc. MD boosted its holdings in 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 valued at $206,000 after purchasing an additional 9,800 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in Commercial Vehicle Group by 5.9% in the fourth quarter. Northern Trust Corp now owns 298,965 shares of the company's stock valued at $741,000 after purchasing an additional 16,608 shares in the last quarter. 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.