Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.59 and traded as high as $1.98. Commercial Vehicle Group shares last traded at $1.97, with a volume of 105,282 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised Commercial Vehicle Group from a "sell" rating to a "hold" rating in a report on Saturday, June 7th.
Check Out Our Latest Stock Analysis on Commercial Vehicle Group
Commercial Vehicle Group Stock Performance
The firm has a fifty day moving average of $1.59 and a 200-day moving average of $1.59. The company has a quick ratio of 1.23, a current ratio of 2.12 and a debt-to-equity ratio of 0.76. The firm has a market cap of $68.24 million, a P/E ratio of -1.89 and a beta of 2.08.
Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.15) by $0.07. The company had revenue of $169.80 million for the quarter, compared to the consensus estimate of $163.50 million. Commercial Vehicle Group had a negative net margin of 4.78% and a negative return on equity of 3.86%. Research analysts predict that Commercial Vehicle Group, Inc. will post 0.11 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Commercial Vehicle Group
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Pinnacle Holdings LLC acquired a new position in shares of Commercial Vehicle Group in the 4th quarter valued at $26,000. Sei Investments Co. bought a new stake in Commercial Vehicle Group in the fourth quarter valued at about $27,000. Ethic Inc. acquired a new position in Commercial Vehicle Group in the fourth quarter valued at about $31,000. Intech Investment Management LLC bought a new position in Commercial Vehicle Group during the fourth quarter worth about $38,000. Finally, Granite Investment Partners LLC acquired a new position in shares of Commercial Vehicle Group during the 4th quarter worth about $42,000. 72.32% of the stock is owned by institutional investors.
About Commercial Vehicle Group
(
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.
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