Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday following a better than expected earnings announcement. The stock has a 200-day moving average of $1.57 and traded as high as $1.95. Commercial Vehicle Group shares last traded at $1.80, with a volume of 299,429 shares.
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 company had revenue of $171.96 million for the quarter, compared to the consensus estimate of $161.63 million.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded Commercial Vehicle Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 7th.
Get Our Latest Research Report on CVGI
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Sei Investments Co. bought a new position in shares of Commercial Vehicle Group during the 4th quarter valued at about $27,000. Ethic Inc. purchased a new stake in Commercial Vehicle Group in the fourth quarter worth approximately $31,000. Granite Investment Partners LLC purchased a new stake in Commercial Vehicle Group in the fourth quarter worth approximately $42,000. Squarepoint Ops LLC bought a new position in Commercial Vehicle Group during the fourth quarter valued at approximately $47,000. Finally, Nuveen LLC purchased a new position in shares of Commercial Vehicle Group during the first quarter worth approximately $74,000. 72.32% of the stock is currently owned by institutional investors.
Commercial Vehicle Group Stock Performance
The stock has a market capitalization of $65.17 million, a P/E ratio of -1.56 and a beta of 2.18. The company has a current ratio of 2.41, a quick ratio of 1.23 and a debt-to-equity ratio of 0.82. The stock's fifty day moving average price is $1.67 and its two-hundred day moving average price is $1.57.
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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