Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded Commercial Vehicle Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 7th.
Check Out Our Latest Stock Report on CVGI
Commercial Vehicle Group Price Performance
The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.23 and a current ratio of 2.12. The company has a market capitalization of $67.89 million, a price-to-earnings ratio of -1.88 and a beta of 2.08. The company has a 50-day moving average price of $1.44 and a 200-day moving average price of $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, beating the consensus estimate 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 business had revenue of $169.80 million for the quarter, compared to analysts' expectations of $163.50 million. On average, equities research analysts expect that Commercial Vehicle Group, Inc. will post 0.11 EPS for the current fiscal year.
Hedge Funds Weigh In On Commercial Vehicle Group
Institutional investors have recently modified their holdings of the business. Sei Investments Co. bought a new position in shares of Commercial Vehicle Group during the 4th quarter valued at about $27,000. Millennium Management LLC bought a new stake in Commercial Vehicle Group in the 4th quarter valued at approximately $297,000. Two Sigma Investments LP lifted its stake in Commercial Vehicle Group by 68.7% in the 4th quarter. Two Sigma Investments LP now owns 225,648 shares of the company's stock valued at $560,000 after acquiring an additional 91,908 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake 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 valued at $206,000 after acquiring an additional 9,800 shares in the last quarter. Finally, Wealthedge Investment Advisors LLC bought a new stake in Commercial Vehicle Group in the 4th quarter valued at approximately $151,000. Institutional investors 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.
Read More
Before you consider Commercial Vehicle Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Commercial Vehicle Group wasn't on the list.
While Commercial Vehicle Group currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
