Commercial Vehicle Group (NASDAQ:CVGI – Get Free Report) released its quarterly earnings results on Monday. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08), FiscalAI reports. Commercial Vehicle Group had a negative net margin of 3.42% and a negative return on equity of 13.97%. The company had revenue of $195.24 million during the quarter, compared to analyst estimates of $171.58 million.
Commercial Vehicle Group Stock Down 16.4%
CVGI stock opened at $3.83 on Wednesday. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.13 and a quick ratio of 1.20. The company has a 50-day moving average of $4.83 and a two-hundred day moving average of $3.70. The stock has a market capitalization of $140.05 million, a price-to-earnings ratio of -7.38 and a beta of 1.45. Commercial Vehicle Group has a 52-week low of $1.29 and a 52-week high of $5.88.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of CVGI. Virtu Financial LLC bought a new position in shares of Commercial Vehicle Group during the 4th quarter worth about $33,000. Engineers Gate Manager LP raised its stake 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 valued at $33,000 after purchasing an additional 9,364 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of Commercial Vehicle Group during the 2nd quarter valued at about $78,000. Bank of America Corp DE grew its stake in shares of Commercial Vehicle Group by 46.1% in 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. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of Commercial Vehicle Group during the 2nd quarter worth approximately $84,000. 72.32% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on Commercial Vehicle Group
About Commercial Vehicle Group
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.
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