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

Commercial Vehicle Group, Inc. (NASDAQ:CVGI)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.67 and traded as high as $1.81. Commercial Vehicle Group shares last traded at $1.72, with a volume of 167,549 shares trading hands.

Analyst Upgrades and Downgrades

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 issued a Sell rating to the company. According to data from MarketBeat, Commercial Vehicle Group presently has a consensus rating of “Reduce”.

Commercial Vehicle Group Stock Performance

The company has a quick ratio of 1.36, a current ratio of 2.45 and a debt-to-equity ratio of 0.79. The firm has a 50-day moving average of $1.60 and a 200 day moving average of $1.67. The stock has a market capitalization of $63.18 million, a P/E ratio of -1.06 and a beta of 1.94.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings results on Monday, November 10th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by ($0.02). The business had revenue of $152.49 million during the quarter, compared to the consensus estimate of $157.40 million. Commercial Vehicle Group had a negative net margin of 8.35% and a negative return on equity of 11.03%. Research analysts anticipate that Commercial Vehicle Group, Inc. will post 0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Commercial Vehicle Group

Several large investors have recently modified their holdings of the stock. Engineers Gate Manager LP raised its holdings 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 buying an additional 9,364 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in Commercial Vehicle Group during the second quarter worth $78,000. Teton Advisors LLC acquired a new position in Commercial Vehicle Group during the third quarter worth $78,000. Bank of America Corp DE lifted its holdings in shares of Commercial Vehicle Group by 46.1% during the fourth 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 period. Finally, HBK Sorce Advisory LLC acquired a new stake in shares of Commercial Vehicle Group in 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 (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.