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

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.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CVGI. Weiss Ratings restated a “sell (d)” rating on shares of Commercial Vehicle Group in a report on Wednesday, January 21st. Wall Street Zen upgraded shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating in a report on Sunday, March 22nd. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Reduce”.

Commercial Vehicle Group Price Performance

The company has a quick ratio of 1.34, a current ratio of 2.43 and a debt-to-equity ratio of 0.78. The business has a 50-day moving average price of $2.11 and a two-hundred day moving average price of $1.80. The company has a market capitalization of $116.88 million, a price-to-earnings ratio of -4.76 and a beta of 1.89.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its earnings results 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). The firm had revenue of $154.76 million during the quarter, compared to the consensus estimate of $147.05 million. Commercial Vehicle Group had a negative return on equity of 11.74% and a negative net margin of 3.51%. As a group, research analysts anticipate that Commercial Vehicle Group, Inc. will post 0.11 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in CVGI. Engineers Gate Manager LP increased its position in shares of Commercial Vehicle Group by 87.1% during the second quarter. Engineers Gate Manager LP now owns 20,116 shares of the company’s stock worth $33,000 after acquiring an additional 9,364 shares in the last quarter. Virtu Financial LLC bought a new position in Commercial Vehicle Group in the 4th quarter valued at about $33,000. Bank of America Corp DE lifted its position in 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 in the last quarter. Teton Advisors LLC acquired a new position in Commercial Vehicle Group during the 3rd quarter valued at about $78,000. Finally, Qube Research & Technologies Ltd acquired a new position in Commercial Vehicle Group during the 2nd quarter valued at about $78,000. 72.32% of the stock is currently owned by institutional investors and hedge funds.

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.