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

Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $3.27 and traded as high as $4.89. Commercial Vehicle Group shares last traded at $4.88, with a volume of 431,895 shares traded.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CVGI. Noble Financial reiterated an “outperform” rating on shares of Commercial Vehicle Group in a research report on Thursday, May 7th. Barrington Research restated an “outperform” rating and set a $6.00 price objective on shares of Commercial Vehicle Group in a research report on Monday, May 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Commercial Vehicle Group in a report on Tuesday, June 9th. Finally, Wall Street Zen upgraded shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Commercial Vehicle Group presently has a consensus rating of “Hold” and an average target price of $6.00.

Commercial Vehicle Group Stock Up 4.1%

The company has a market cap of $184.79 million, a P/E ratio of -9.73 and a beta of 1.43. The stock has a 50-day moving average of $4.96 and a two-hundred day moving average of $3.32. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.20 and a current ratio of 2.13.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings results on Tuesday, May 5th. The company reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.04. The business had revenue of $171.50 million for the quarter, compared to analysts’ expectations of $159.97 million. Commercial Vehicle Group had a negative net margin of 2.70% and a negative return on equity of 12.47%. On average, research analysts anticipate that Commercial Vehicle Group, Inc. will post -0.1 EPS for the current fiscal year.

Hedge Funds Weigh In On Commercial Vehicle Group

Large investors have recently added to or reduced their stakes in the business. 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 buying an additional 10,242 shares during the period. Jane Street Group LLC raised its stake in shares of Commercial Vehicle Group by 259.3% during the first quarter. Jane Street Group LLC now owns 74,086 shares of the company’s stock valued at $85,000 after acquiring an additional 53,468 shares during the last quarter. XTX Topco Ltd bought a new position in shares of Commercial Vehicle Group during the second quarter valued at about $174,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Commercial Vehicle Group during the second quarter worth about $84,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Commercial Vehicle Group in the second quarter worth about $78,000. Hedge funds and other institutional investors own 72.32% of the company’s stock.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc (NASDAQ: CVGI) is a global designer, engineer and manufacturer of seating systems and interior components for commercial vehicles. The company serves original equipment manufacturers (OEMs) in the on‐highway, off‐highway and specialty vehicle markets, supplying complete seating assemblies, suspension mechanisms and interior trim products. CVGI’s offerings are aimed at enhancing driver comfort, safety and overall vehicle usability across a diverse range of applications, from heavy‐duty trucks and transit buses to agricultural and construction equipment.

The company’s product portfolio is organized around three core segments: Seating, Controls and Interiors.