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

Commercial Vehicle Group (NASDAQ:CVGI) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Commercial Vehicle Group Price Performance

Shares of NASDAQ CVGI opened at $1.41 on Friday. The stock’s 50-day moving average is $1.15 and its two-hundred day moving average is $1.74. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.31 and a quick ratio of 1.43. The company has a market cap of $48.84 million, a price-to-earnings ratio of 1.38, a price-to-earnings-growth ratio of 0.43 and a beta of 2.03. Commercial Vehicle Group has a 1-year low of $0.81 and a 1-year high of $5.69.

Commercial Vehicle Group (NASDAQ:CVGI) last released its earnings results on Tuesday, May 6th. The company reported ($0.08) earnings per share for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $169.80 million for the quarter, compared to analyst estimates of $163.50 million. Analysts forecast that Commercial Vehicle Group will post 0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Commercial Vehicle Group

A number of institutional investors and hedge funds have recently modified their holdings of the company. Empowered Funds LLC increased its stake in Commercial Vehicle Group by 5.9% in the fourth quarter. Empowered Funds LLC now owns 105,246 shares of the company’s stock valued at $261,000 after purchasing an additional 5,885 shares during the last quarter. Barclays PLC boosted its holdings in shares of Commercial Vehicle Group by 14.2% in the 4th quarter. Barclays PLC now owns 50,413 shares of the company’s stock valued at $125,000 after buying an additional 6,257 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Commercial Vehicle Group by 54.3% in the 4th quarter. SG Americas Securities LLC now owns 22,180 shares of the company’s stock valued at $55,000 after buying an additional 7,803 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Commercial Vehicle Group by 13.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 82,711 shares of the company’s stock valued at $206,000 after buying an additional 9,800 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Commercial Vehicle Group by 46.1% during the 4th quarter. Bank of America Corp DE now owns 32,473 shares of the company’s stock worth $81,000 after acquiring an additional 10,242 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, 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.