Commercial Vehicle Group (NASDAQ:CVGI) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.66 and traded as high as $1.74. Commercial Vehicle Group shares last traded at $1.63, with a volume of 122,853 shares trading hands.

Analyst Ratings Changes

A number of brokerages have weighed in on CVGI. Zacks Research upgraded shares of Commercial Vehicle Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Commercial Vehicle Group in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Reduce”.

Commercial Vehicle Group Trading Down 5.2%

The firm has a market cap of $59.87 million, a P/E ratio of -1.01 and a beta of 1.96. The stock has a 50 day simple moving average of $1.62 and a 200-day simple moving average of $1.66. The company has a current ratio of 2.45, a quick ratio of 1.36 and a debt-to-equity ratio of 0.79.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings data on Monday, November 10th. The company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of ($0.12) by ($0.02). Commercial Vehicle Group had a negative return on equity of 11.03% and a negative net margin of 8.35%.The business had revenue of $152.49 million during the quarter, compared to analysts’ expectations of $157.40 million. On average, equities research analysts expect that Commercial Vehicle Group, Inc. will post 0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Commercial Vehicle Group

Hedge funds have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP lifted its position in shares of Commercial Vehicle Group by 87.1% in the 2nd quarter. Engineers Gate Manager LP now owns 20,116 shares of the company’s stock worth $33,000 after purchasing an additional 9,364 shares during the period. Bank of America Corp DE raised its stake in Commercial Vehicle Group by 46.1% in the fourth quarter. Bank of America Corp DE now owns 32,473 shares of the company’s stock worth $81,000 after buying an additional 10,242 shares in the last quarter. Teton Advisors LLC purchased a new stake in Commercial Vehicle Group during the third quarter worth $78,000. Qube Research & Technologies Ltd purchased a new stake in Commercial Vehicle Group during the second quarter worth $78,000. Finally, HBK Sorce Advisory LLC bought a new stake in Commercial Vehicle Group during the 2nd quarter valued at $82,000. 72.32% of the stock is currently owned by institutional investors.

Commercial Vehicle Group Company Profile

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.