Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.63 and traded as high as $1.70. Commercial Vehicle Group shares last traded at $1.66, with a volume of 635,147 shares traded.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded shares of Commercial Vehicle Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 7th.
Get Our Latest Research Report on Commercial Vehicle Group
Commercial Vehicle Group Trading Up 8.7%
The business's 50 day simple moving average is $1.30 and its 200 day simple moving average is $1.63. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.12 and a quick ratio of 1.23. The stock has a market cap of $69.28 million, a P/E ratio of -1.92 and a beta of 2.08.
Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported ($0.08) earnings per share for the quarter, beating analysts' consensus estimates of ($0.15) by $0.07. Commercial Vehicle Group had a negative return on equity of 3.86% and a negative net margin of 4.78%. The firm had revenue of $169.80 million during the quarter, compared to analysts' expectations of $163.50 million. On average, analysts expect that Commercial Vehicle Group, Inc. will post 0.11 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of CVGI. Pinnacle Holdings LLC acquired a new position in Commercial Vehicle Group in the fourth quarter valued at approximately $26,000. Sei Investments Co. acquired a new position in shares of Commercial Vehicle Group in the 4th quarter valued at approximately $27,000. Ethic Inc. acquired a new position in shares of Commercial Vehicle Group in the 4th quarter valued at approximately $31,000. Intech Investment Management LLC acquired a new stake in Commercial Vehicle Group during the 4th quarter worth approximately $38,000. Finally, Granite Investment Partners LLC bought a new position in Commercial Vehicle Group in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 72.32% of the company's stock.
Commercial Vehicle Group Company Profile
(
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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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