Commercial Vehicle Group (NASDAQ:CVGI) announced its earnings results on Monday. The company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.01), Briefing.com reports. The business had revenue of $188.30 million during the quarter, compared to analyst estimates of $191.10 million. Commercial Vehicle Group had a positive return on equity of 18.45% and a negative net margin of 0.23%. The firm’s revenue was up 25.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.02 earnings per share.
Commercial Vehicle Group (NASDAQ:CVGI) opened at $8.90 on Wednesday. The company has a market capitalization of $344.77, a P/E ratio of 25.27 and a beta of 1.31. The company has a quick ratio of 1.44, a current ratio of 2.09 and a debt-to-equity ratio of 2.10. Commercial Vehicle Group has a 1-year low of $5.35 and a 1-year high of $13.90.
An institutional investor recently raised its position in Commercial Vehicle Group stock. State Street Corp lifted its holdings in Commercial Vehicle Group, Inc. (NASDAQ:CVGI) by 1,663.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 278,477 shares of the company’s stock after acquiring an additional 262,686 shares during the quarter. State Street Corp owned approximately 0.93% of Commercial Vehicle Group worth $2,353,000 at the end of the most recent reporting period. Institutional investors own 77.44% of the company’s stock.
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Commercial Vehicle Group Company Profile
Commercial Vehicle Group, Inc is a supplier of a range of cab-related products and systems. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems.
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