Commercial Vehicle Group (NASDAQ:CVGI) Downgraded to “Buy” at StockNews.com

StockNews.com lowered shares of Commercial Vehicle Group (NASDAQ:CVGI – Get Rating) from a strong-buy rating to a buy rating in a report issued on Tuesday morning.

Separately, Noble Financial assumed coverage on Commercial Vehicle Group in a research report on Thursday, December 1st. They set an outperform rating and a $10.00 target price on the stock.

Commercial Vehicle Group Trading Down 12.2 %

Shares of NASDAQ CVGI opened at $7.38 on Tuesday. The stock has a market capitalization of $246.30 million, a PE ratio of -11.01, a PEG ratio of 0.49 and a beta of 3.06. The stock has a fifty day simple moving average of $7.70 and a 200-day simple moving average of $6.49. Commercial Vehicle Group has a twelve month low of $4.03 and a twelve month high of $9.10. The company has a current ratio of 2.13, a quick ratio of 1.30 and a debt-to-equity ratio of 1.29.

Hedge Funds Weigh In On Commercial Vehicle Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in CVGI. Forager Capital Management LLC increased its position in Commercial Vehicle Group by 18.5% during the 4th quarter. Forager Capital Management LLC now owns 2,627,619 shares of the company’s stock worth $18,868,000 after purchasing an additional 410,013 shares during the period. Millennium Management LLC purchased a new stake in shares of Commercial Vehicle Group during the 2nd quarter worth approximately $2,307,000. Royce & Associates LP boosted its stake in shares of Commercial Vehicle Group by 14.8% during the 3rd quarter. Royce & Associates LP now owns 1,887,997 shares of the company’s stock worth $8,496,000 after acquiring an additional 243,624 shares in the last quarter. Invesco Ltd. boosted its stake in shares of Commercial Vehicle Group by 167.4% during the 1st quarter. Invesco Ltd. now owns 264,352 shares of the company’s stock worth $2,234,000 after acquiring an additional 165,476 shares in the last quarter. Finally, Citadel Advisors LLC lifted its stake in Commercial Vehicle Group by 994.8% in the 2nd quarter. Citadel Advisors LLC now owns 180,647 shares of the company’s stock valued at $1,055,000 after buying an additional 164,147 shares in the last quarter. Institutional investors and hedge funds own 53.06% of the company’s stock.

About Commercial Vehicle Group

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Commercial Vehicle Group, Inc engages in the manufacture, supply, and sale of cab related products and systems. It operates through Electrical Systems and Global Seating segments. The Electrical Systems segment includes electrical wire harnesses and panel assemblies, trim systems and components, cab structures and sleeper boxes, mirrors, wipers, and controls.