Commercial Vehicle Group (NASDAQ:CVGI) Stock Price Passes Above 200 Day Moving Average - What's Next?

Commercial Vehicle Group, Inc. (NASDAQ:CVGI - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $1.52 and traded as high as $1.86. Commercial Vehicle Group shares last traded at $1.72, with a volume of 70,747 shares changing hands.

Analyst Ratings Changes

Separately, Weiss Ratings restated a "sell (d)" rating on shares of Commercial Vehicle Group in a research note on Saturday, September 27th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, Commercial Vehicle Group currently has an average rating of "Sell".

Commercial Vehicle Group Trading Down 0.6%

The stock has a fifty day simple moving average of $1.79 and a 200 day simple moving average of $1.52. The firm has a market cap of $63.61 million, a P/E ratio of -1.52 and a beta of 2.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.48 and a current ratio of 2.41.

Commercial Vehicle Group (NASDAQ:CVGI - Get Free Report) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $161.63 million. Commercial Vehicle Group has set its FY 2025 guidance at EPS. On average, research analysts expect 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

Large investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP grew its holdings in shares of Commercial Vehicle Group by 87.1% in the second quarter. Engineers Gate Manager LP now owns 20,116 shares of the company's stock worth $33,000 after acquiring an additional 9,364 shares during the period. Bank of America Corp DE grew its stake in shares of 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 purchasing an additional 10,242 shares during the period. Squarepoint Ops LLC bought a new stake in shares of Commercial Vehicle Group during the 4th quarter valued at about $47,000. Anderson Financial Strategies LLC grew its stake in shares of Commercial Vehicle Group by 9.7% during the 1st quarter. Anderson Financial Strategies LLC now owns 332,497 shares of the company's stock valued at $382,000 after purchasing an additional 29,286 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Commercial Vehicle Group by 125.4% during the 2nd quarter. Assenagon Asset Management S.A. now owns 82,569 shares of the company's stock valued at $137,000 after purchasing an additional 45,944 shares during the period. Institutional investors own 72.32% of the company's stock.

Commercial Vehicle Group Company Profile

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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