Commercial Vehicle Group (NASDAQ:CVGI) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Commercial Vehicle Group (NASDAQ:CVGI) from a sell rating to a hold rating in a research note released on Saturday.

Commercial Vehicle Group Trading Up 5.7%

Shares of CVGI opened at $1.49 on Friday. The company’s fifty day moving average is $1.15 and its 200 day moving average is $1.74. Commercial Vehicle Group has a fifty-two week low of $0.81 and a fifty-two week high of $5.69. The stock has a market capitalization of $51.61 million, a PE ratio of 1.46, a P/E/G ratio of 0.43 and a beta of 2.03. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.43 and a current ratio of 2.31.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings results on Tuesday, May 6th. The company reported ($0.08) earnings per share for the quarter, topping the consensus estimate of ($0.15) by $0.07. Commercial Vehicle Group had a net margin of 3.98% and a return on equity of 5.17%. The company had revenue of $169.80 million for the quarter, compared to analysts’ expectations of $163.50 million. Sell-side analysts expect that Commercial Vehicle Group will post 0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Commercial Vehicle Group

Several large investors have recently bought and sold shares of the business. SG Americas Securities LLC boosted its stake in shares of Commercial Vehicle Group by 54.3% during the fourth quarter. SG Americas Securities LLC now owns 22,180 shares of the company’s stock valued at $55,000 after purchasing an additional 7,803 shares during the period. Empowered Funds LLC raised its holdings in Commercial Vehicle Group by 5.9% in the fourth quarter. Empowered Funds LLC now owns 105,246 shares of the company’s stock worth $261,000 after purchasing an additional 5,885 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Commercial Vehicle Group during the fourth quarter valued at about $431,000. Ironwood Investment Management LLC increased its holdings in shares of Commercial Vehicle Group by 11.1% during the fourth quarter. Ironwood Investment Management LLC now owns 524,340 shares of the company’s stock valued at $1,300,000 after acquiring an additional 52,282 shares in the last quarter. Finally, Royce & Associates LP increased its holdings in shares of Commercial Vehicle Group by 4.3% during the fourth quarter. Royce & Associates LP now owns 2,253,611 shares of the company’s stock valued at $5,589,000 after acquiring an additional 93,805 shares in the last quarter. Institutional investors 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.