Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.62 and traded as high as $2.10. Commercial Vehicle Group shares last traded at $2.01, with a volume of 335,124 shares traded.
Analyst Ratings Changes
Separately, Wall Street Zen raised shares of Commercial Vehicle Group from a "sell" rating to a "hold" rating in a research note on Saturday, June 7th.
Read Our Latest Analysis on CVGI
Commercial Vehicle Group Price Performance
The stock has a market capitalization of $65.12 million, a PE ratio of -1.81 and a beta of 2.08. 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 stock's 50 day moving average price is $1.44 and its 200-day moving average price is $1.63.
Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported ($0.08) earnings per share for the quarter, topping analysts' consensus estimates of ($0.15) by $0.07. The company had revenue of $169.80 million during the quarter, compared to analyst estimates of $163.50 million. Commercial Vehicle Group had a negative net margin of 4.78% and a negative return on equity of 3.86%. As a group, equities analysts forecast that Commercial Vehicle Group, Inc. will post 0.11 EPS for the current year.
Hedge Funds Weigh In On Commercial Vehicle Group
Several hedge funds have recently modified their holdings of the stock. Barclays PLC increased its holdings in shares of Commercial Vehicle Group by 14.2% during the fourth quarter. Barclays PLC now owns 50,413 shares of the company's stock valued at $125,000 after acquiring an additional 6,257 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Commercial Vehicle Group by 13.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 82,711 shares of the company's stock worth $206,000 after buying an additional 9,800 shares during the period. Bank of America Corp DE increased its holdings in Commercial Vehicle Group by 46.1% in the 4th quarter. Bank of America Corp DE now owns 32,473 shares of the company's stock worth $81,000 after buying an additional 10,242 shares during the period. Pinnacle Holdings LLC acquired a new position in Commercial Vehicle Group in the 4th quarter worth approximately $26,000. Finally, Sei Investments Co. acquired a new position in Commercial Vehicle Group in the 4th quarter worth approximately $27,000. Institutional investors and hedge funds own 72.32% of the company's stock.
Commercial Vehicle Group Company Profile
(
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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