Commercial Vehicle Group (NASDAQ:CVGI) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Key Points

• Commercial Vehicle Group's stock (NASDAQ:CVGI) recently crossed above its 200-day moving average of $1.56, trading as high as $1.94 before settling at $1.90.
• The company missed earnings expectations in its latest report, posting an EPS of ($0.09) compared to the consensus estimate of ($0.07), while revenue exceeded expectations at $171.96 million.
• Wall Street analysts upgraded the stock's rating from "sell" to "hold"**, reflecting a shift in sentiment toward the company's longer-term prospects.

Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.56 and traded as high as $1.94. Commercial Vehicle Group shares last traded at $1.90, with a volume of 154,674 shares traded.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of Commercial Vehicle Group from a "sell" rating to a "hold" rating in a research report on Saturday, June 7th.

Commercial Vehicle Group Price Performance

The company's fifty day moving average is $1.70 and its 200 day moving average is $1.56. The firm has a market cap of $70.26 million, a price-to-earnings ratio of -1.68 and a beta of 2.18. The company has a quick ratio of 1.48, a current ratio of 2.41 and a debt-to-equity ratio of 0.82.

Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) last announced its earnings results on Monday, August 4th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.02). Commercial Vehicle Group had a negative return on equity of 7.40% and a negative net margin of 5.66%. The business had revenue of $171.96 million for the quarter, compared to analyst estimates of $161.63 million. On average, equities research analysts predict that Commercial Vehicle Group, Inc. will post 0.11 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CVGI. Peapod Lane Capital LLC acquired a new position in Commercial Vehicle Group during the first quarter worth $650,000. Huber Capital Management LLC lifted its stake in Commercial Vehicle Group by 39.3% in the first quarter. Huber Capital Management LLC now owns 1,418,322 shares of the company's stock valued at $1,631,000 after acquiring an additional 400,004 shares during the last quarter. Anderson Financial Strategies LLC acquired a new stake in Commercial Vehicle Group in the fourth quarter valued at $752,000. Renaissance Technologies LLC lifted its stake in Commercial Vehicle Group by 14.7% in the fourth quarter. Renaissance Technologies LLC now owns 1,978,959 shares of the company's stock valued at $4,908,000 after acquiring an additional 254,364 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Commercial Vehicle Group in the fourth quarter valued at $431,000. Institutional investors and hedge funds own 72.32% of the company's stock.

About Commercial Vehicle Group

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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