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

Commercial Vehicle Group, Inc. (NASDAQ:CVGI)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.65 and traded as high as $1.69. Commercial Vehicle Group shares last traded at $1.67, with a volume of 153,010 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Commercial Vehicle Group in a report on Wednesday, January 21st. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce”.

Commercial Vehicle Group Stock Performance

The firm has a market cap of $61.34 million, a price-to-earnings ratio of -1.03 and a beta of 1.89. The company has a debt-to-equity ratio of 0.79, a current ratio of 2.45 and a quick ratio of 1.36. The firm has a fifty day simple moving average of $1.64 and a two-hundred day simple moving average of $1.65.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE boosted its holdings in shares of Commercial Vehicle Group by 46.1% in the 4th quarter. Bank of America Corp DE now owns 32,473 shares of the company’s stock valued at $81,000 after acquiring an additional 10,242 shares during the last quarter. Jane Street Group LLC raised its position in Commercial Vehicle Group by 259.3% during the first quarter. Jane Street Group LLC now owns 74,086 shares of the company’s stock valued at $85,000 after acquiring an additional 53,468 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Commercial Vehicle Group in the second quarter valued at approximately $118,000. XTX Topco Ltd purchased a new stake in Commercial Vehicle Group in the 2nd quarter worth approximately $174,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in Commercial Vehicle Group in the 2nd quarter worth approximately $84,000. Hedge funds and other institutional investors own 72.32% of the company’s stock.

About Commercial Vehicle Group

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.