Commercial Vehicle Group (NASDAQ:CVGI) Shares Cross Above Two Hundred Day Moving Average – Here’s What Happened

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $2.02 and traded as high as $4.25. Commercial Vehicle Group shares last traded at $4.13, with a volume of 464,756 shares traded.

Analyst Ratings Changes

A number of analysts recently issued reports on CVGI shares. Wall Street Zen lowered shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research report on Saturday, April 11th. Weiss Ratings restated a “sell (d)” rating on shares of Commercial Vehicle Group in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Reduce”.

Commercial Vehicle Group Stock Performance

The company has a market cap of $157.51 million, a price-to-earnings ratio of -6.42 and a beta of 1.30. The stock’s fifty day simple moving average is $2.90 and its two-hundred day simple moving average is $2.05. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.34 and a current ratio of 2.43.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings results on Tuesday, March 10th. The company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). The company had revenue of $154.76 million during the quarter, compared to analyst estimates of $147.05 million. Commercial Vehicle Group had a negative net margin of 3.51% and a negative return on equity of 11.74%. Equities research analysts anticipate that Commercial Vehicle Group, Inc. will post -0.21 EPS for the current year.

Hedge Funds Weigh In On Commercial Vehicle Group

A number of hedge funds have recently made changes to their positions in the stock. Engineers Gate Manager LP boosted its holdings in shares of Commercial Vehicle Group by 87.1% in the 2nd 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 during the last quarter. Peapod Lane Capital LLC boosted its position in Commercial Vehicle Group by 1.1% during the 3rd quarter. Peapod Lane Capital LLC now owns 922,245 shares of the company’s stock worth $1,568,000 after purchasing an additional 10,195 shares during the period. Bank of America Corp DE increased its holdings in 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 in the last quarter. Jane Street Group LLC raised its position in Commercial Vehicle Group by 14.8% in the fourth quarter. Jane Street Group LLC now owns 90,989 shares of the company’s stock valued at $131,000 after purchasing an additional 11,742 shares during the period. Finally, Gamco Investors INC. ET AL raised its position in Commercial Vehicle Group by 2.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 595,818 shares of the company’s stock valued at $858,000 after purchasing an additional 14,818 shares during the period. Institutional investors and hedge funds own 72.32% of the company’s stock.

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.