Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.56 and traded as high as $5.32. Commercial Vehicle Group shares last traded at $5.19, with a volume of 649,551 shares traded.
Wall Street Analyst Weigh In
CVGI has been the topic of a number of analyst reports. Barrington Research reaffirmed an “outperform” rating and set a $6.00 target price on shares of Commercial Vehicle Group in a research note on Monday, May 4th. Noble Financial reaffirmed an “outperform” rating on shares of Commercial Vehicle Group in a research note on Thursday, May 7th. Finally, Wall Street Zen raised shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Commercial Vehicle Group presently has a consensus rating of “Hold” and a consensus target price of $6.00.
Get Our Latest Stock Report on CVGI
Commercial Vehicle Group Stock Up 4.4%
Commercial Vehicle Group (NASDAQ:CVGI – Get Free Report) last announced its quarterly earnings data on Tuesday, May 5th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.04. The firm had revenue of $171.50 million during 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%. Equities analysts forecast that Commercial Vehicle Group, Inc. will post -0.1 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. Virtu Financial LLC acquired a new position in shares of Commercial Vehicle Group in the fourth quarter valued at approximately $33,000. Engineers Gate Manager LP grew its holdings in Commercial Vehicle Group by 87.1% during the 2nd quarter. Engineers Gate Manager LP now owns 20,116 shares of the company’s stock worth $33,000 after acquiring an additional 9,364 shares in the last quarter. Sei Investments Co. acquired a new position in Commercial Vehicle Group during the 1st quarter worth approximately $1,262,000. Arrowstreet Capital Limited Partnership grew its holdings in Commercial Vehicle Group by 20.0% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 281,590 shares of the company’s stock worth $960,000 after acquiring an additional 46,898 shares in the last quarter. Finally, Renaissance Technologies LLC grew its holdings in Commercial Vehicle Group by 6.8% during the 1st quarter. Renaissance Technologies LLC now owns 1,731,491 shares of the company’s stock worth $5,904,000 after acquiring an additional 109,528 shares in the last quarter. 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.
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