Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Get Free Report) 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 trading hands.
Analyst Ratings Changes
Separately, Wall Street Zen raised Commercial Vehicle Group from a "sell" rating to a "hold" rating in a report on Saturday, June 7th.
Get Our Latest Stock Analysis on CVGI
Commercial Vehicle Group Stock Performance
The firm has a market capitalization of $65.81 million, a PE ratio of -1.83 and a beta of 2.08. The company has a current ratio of 2.12, a quick ratio of 1.23 and a debt-to-equity ratio of 0.76. The stock's 50 day moving average price is $1.40 and its two-hundred day moving average price is $1.62.
Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) last posted its earnings results 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 net margin of 4.78% and a negative return on equity of 3.86%. The business had revenue of $169.80 million for the quarter, compared to analyst estimates of $163.50 million. On average, equities analysts expect that Commercial Vehicle Group, Inc. will post 0.11 earnings per share for the current year.
Hedge Funds Weigh In On Commercial Vehicle Group
Institutional investors have recently added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in shares of Commercial Vehicle Group in the 4th quarter worth about $431,000. Ironwood Investment Management LLC lifted its stake in shares of Commercial Vehicle Group by 11.1% in the 4th quarter. Ironwood Investment Management LLC now owns 524,340 shares of the company's stock worth $1,300,000 after acquiring an additional 52,282 shares during the period. Royce & Associates LP lifted its stake in Commercial Vehicle Group by 4.3% during the fourth quarter. Royce & Associates LP now owns 2,253,611 shares of the company's stock valued at $5,589,000 after purchasing an additional 93,805 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Commercial Vehicle Group during the fourth quarter valued at approximately $38,000. Finally, American Century Companies Inc. raised its holdings in shares of Commercial Vehicle Group by 2.5% during the fourth quarter. American Century Companies Inc. now owns 860,761 shares of the company's stock valued at $2,135,000 after acquiring an additional 21,018 shares during the period. 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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