Commercial Vehicle Group (NASDAQ:CVGI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Commercial Vehicle Group (NASDAQ:CVGI) to a hold rating in a report published on Saturday.

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

Commercial Vehicle Group Price Performance

CVGI opened at $3.62 on Friday. The stock has a fifty day simple moving average of $1.74 and a two-hundred day simple moving average of $1.68. The company has a current ratio of 2.43, a quick ratio of 1.34 and a debt-to-equity ratio of 0.78. The company has a market cap of $132.64 million, a price-to-earnings ratio of -5.40 and a beta of 1.89. Commercial Vehicle Group has a 12-month low of $0.81 and a 12-month high of $3.64.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings data on Tuesday, March 10th. The company reported ($0.18) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.03). The firm had revenue of $154.76 million for the quarter, compared to analysts’ expectations of $147.05 million. Commercial Vehicle Group had a negative net margin of 3.51% and a negative return on equity of 11.74%. Research analysts predict that Commercial Vehicle Group will post 0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Commercial Vehicle Group

Several hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC purchased a new stake in shares of Commercial Vehicle Group in the fourth quarter worth $33,000. Engineers Gate Manager LP raised 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 last quarter. Teton Advisors LLC purchased a new position in shares of Commercial Vehicle Group in the 3rd quarter worth about $78,000. Qube Research & Technologies Ltd bought a new position in Commercial Vehicle Group in the 2nd quarter worth about $78,000. Finally, Bank of America Corp DE grew its position 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 valued at $81,000 after purchasing an additional 10,242 shares during the last quarter. 72.32% of the stock is owned by institutional investors.

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.