Commercial Vehicle Group (NASDAQ:CVGI) Shares Cross Above 200 Day Moving Average - Here's What Happened

Key Points

• Commercial Vehicle Group (NASDAQ:CVGI) shares surpassed their two hundred day moving average, trading at $1.94, with a high of $1.99 during Thursday's session.
• Wall Street analysts have upgraded the company's rating from "sell" to "hold," indicating a potentially more favorable outlook for investors.
• The company reported a loss of ($0.09) EPS for the last quarter, missing expectations, but had revenues of $171.96 million, surpassing analyst estimates.

Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.52 and traded as high as $1.99. Commercial Vehicle Group shares last traded at $1.94, with a volume of 121,125 shares changing hands.

Analysts Set New Price Targets

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.

Commercial Vehicle Group Price Performance

The firm's 50-day moving average is $1.82 and its 200-day moving average is $1.52. The company has a quick ratio of 1.48, a current ratio of 2.41 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $66.19 million, a PE ratio of -1.58 and a beta of 1.81.

Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.02). The firm had revenue of $171.96 million during the quarter, compared to analysts' expectations of $161.63 million. Commercial Vehicle Group had a negative return on equity of 7.40% and a negative net margin of 5.66%. Commercial Vehicle Group has set its FY 2025 guidance at EPS. Equities analysts predict that Commercial Vehicle Group, Inc. will post 0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Commercial Vehicle Group

Several institutional investors have recently bought and sold shares of the stock. Engineers Gate Manager LP boosted its stake in shares of Commercial Vehicle Group by 87.1% during the second quarter. Engineers Gate Manager LP now owns 20,116 shares of the company's stock valued at $33,000 after purchasing an additional 9,364 shares during the period. Bank of America Corp DE boosted its position in Commercial Vehicle Group by 46.1% during the 4th quarter. Bank of America Corp DE now owns 32,473 shares of the company's stock valued at $81,000 after acquiring an additional 10,242 shares in the last quarter. Northern Trust Corp boosted its position in shares of Commercial Vehicle Group by 5.9% during the fourth quarter. Northern Trust Corp now owns 298,965 shares of the company's stock valued at $741,000 after purchasing an additional 16,608 shares in the last quarter. Squarepoint Ops LLC bought a new stake in shares of Commercial Vehicle Group during the fourth quarter valued at approximately $47,000. Finally, Anderson Financial Strategies LLC grew its position in shares of Commercial Vehicle Group by 9.7% in the 1st quarter. Anderson Financial Strategies LLC now owns 332,497 shares of the company's stock worth $382,000 after buying an additional 29,286 shares during the period. 72.32% of the stock is currently owned by hedge funds and other institutional investors.

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.