Commercial Vehicle Group (NASDAQ:CVGI) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Commercial Vehicle Group, Inc. (NASDAQ:CVGI)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.66 and traded as high as $1.76. Commercial Vehicle Group shares last traded at $1.73, with a volume of 45,494 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Commercial Vehicle Group in a research note on Wednesday, January 21st. One analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce”.

Commercial Vehicle Group Price Performance

The company has a current ratio of 2.45, a quick ratio of 1.36 and a debt-to-equity ratio of 0.79. The firm’s 50-day moving average price is $1.62 and its 200-day moving average price is $1.66. The stock has a market capitalization of $63.54 million, a PE ratio of -1.07 and a beta of 1.94.

Hedge Funds Weigh In On Commercial Vehicle Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership raised its holdings in Commercial Vehicle Group by 463.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 285,122 shares of the company’s stock valued at $485,000 after buying an additional 234,545 shares during the period. XTX Topco Ltd bought a new position in Commercial Vehicle Group during the second quarter valued at $174,000. Huber Capital Management LLC raised its stake in shares of Commercial Vehicle Group by 7.9% in the fourth quarter. Huber Capital Management LLC now owns 1,061,664 shares of the company’s stock valued at $1,529,000 after acquiring an additional 77,600 shares during the period. Y Intercept Hong Kong Ltd bought a new stake in shares of Commercial Vehicle Group in the 2nd quarter worth about $118,000. Finally, Bridgeway Capital Management LLC boosted its stake in shares of Commercial Vehicle Group by 88.7% during the 3rd quarter. Bridgeway Capital Management LLC now owns 117,803 shares of the company’s stock worth $200,000 after purchasing an additional 55,382 shares during the period. 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.