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

Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.66 and traded as high as $1.77. Commercial Vehicle Group shares last traded at $1.70, with a volume of 73,138 shares trading hands.

Wall Street Analysts Forecast Growth

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

Commercial Vehicle Group Trading Down 0.6%

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 stock has a market cap of $62.44 million, a price-to-earnings ratio of -1.05 and a beta of 1.94. The company’s fifty day moving average is $1.60 and its two-hundred day moving average is $1.66.

Institutional Investors Weigh In On Commercial Vehicle Group

Several hedge funds and other institutional investors have recently made changes to their positions in CVGI. Engineers Gate Manager LP boosted its holdings in Commercial Vehicle Group by 87.1% in the second quarter. Engineers Gate Manager LP now owns 20,116 shares of the company’s stock valued at $33,000 after purchasing an additional 9,364 shares in the last quarter. Peapod Lane Capital LLC grew its position in shares of Commercial Vehicle Group by 1.1% in the 3rd quarter. Peapod Lane Capital LLC now owns 922,245 shares of the company’s stock valued at $1,568,000 after buying an additional 10,195 shares during the last quarter. Bank of America Corp DE raised its stake in Commercial Vehicle Group by 46.1% during the 4th quarter. Bank of America Corp DE now owns 32,473 shares of the company’s stock worth $81,000 after acquiring an additional 10,242 shares in the last quarter. Jane Street Group LLC lifted its position in Commercial Vehicle Group by 14.8% in the fourth quarter. Jane Street Group LLC now owns 90,989 shares of the company’s stock valued at $131,000 after acquiring an additional 11,742 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in Commercial Vehicle Group by 2.6% in the fourth quarter. Gamco Investors INC. ET AL now owns 595,818 shares of the company’s stock valued at $858,000 after acquiring an additional 14,818 shares in the last quarter. Institutional investors and hedge funds 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.