Commercial Vehicle Group (NASDAQ:CVGI) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Commercial Vehicle Group, Inc. (NASDAQ:CVGI)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.80 and traded as high as $3.57. Commercial Vehicle Group shares last traded at $3.19, with a volume of 665,490 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on CVGI shares. Weiss Ratings restated a “sell (d)” rating on shares of Commercial Vehicle Group in a report on Wednesday, January 21st. Wall Street Zen raised Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research note on Sunday, March 22nd. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce”.

Commercial Vehicle Group Stock Up 3.2%

The company has a current ratio of 2.43, a quick ratio of 1.34 and a debt-to-equity ratio of 0.78. The firm’s 50 day moving average price is $2.18 and its two-hundred day moving average price is $1.82. The company has a market capitalization of $128.97 million, a price-to-earnings ratio of -5.25 and a beta of 1.28.

Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings data on Tuesday, March 10th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.03). Commercial Vehicle Group had a negative net margin of 3.51% and a negative return on equity of 11.74%. The business had revenue of $154.76 million during the quarter, compared to analyst estimates of $147.05 million. Sell-side analysts anticipate that Commercial Vehicle Group, Inc. will post 0.11 earnings per share for the current fiscal year.

Institutional Trading of Commercial Vehicle Group

Several institutional investors have recently added to or reduced their stakes in the company. Huber Capital Management LLC boosted its position in shares of Commercial Vehicle Group by 7.9% in the fourth quarter. Huber Capital Management LLC now owns 1,061,664 shares of the company’s stock valued at $1,529,000 after acquiring an additional 77,600 shares during the period. Peapod Lane Capital LLC increased its stake in shares of Commercial Vehicle Group by 1.1% in the 3rd quarter. Peapod Lane Capital LLC now owns 922,245 shares of the company’s stock valued at $1,568,000 after purchasing an additional 10,195 shares during the last quarter. Ironwood Investment Management LLC raised its stake in Commercial Vehicle Group by 7.0% during the fourth quarter. Ironwood Investment Management LLC now owns 637,040 shares of the company’s stock worth $917,000 after acquiring an additional 41,500 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in Commercial Vehicle Group by 2.6% in the 4th 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 last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Commercial Vehicle Group by 463.7% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 285,122 shares of the company’s stock valued at $485,000 after acquiring an additional 234,545 shares in the last quarter. 72.32% of the stock is currently owned by institutional investors.

Commercial Vehicle Group Company Profile

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.