Commercial Vehicle Group (NASDAQ:CVGI) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Commercial Vehicle Group, Inc. (NASDAQ:CVGI)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.03 and traded as high as $4.91. Commercial Vehicle Group shares last traded at $4.75, with a volume of 398,796 shares.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Wall Street Zen upgraded Commercial Vehicle Group from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. Noble Financial reaffirmed an “outperform” rating on shares of Commercial Vehicle Group in a research note on Thursday, May 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Commercial Vehicle Group in a research report on Tuesday, June 9th. Finally, Barrington Research reissued an “outperform” rating and issued a $6.00 target price on shares of Commercial Vehicle Group in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $6.00.

Commercial Vehicle Group Stock Down 2.5%

The company has a 50-day simple moving average of $4.85 and a 200 day simple moving average of $3.08. The company has a market cap of $168.36 million, a P/E ratio of -8.87 and a beta of 1.40. The company has a current ratio of 2.13, a quick ratio of 1.20 and a debt-to-equity ratio of 0.69.

Commercial Vehicle Group (NASDAQ:CVGI) last released its earnings results on Tuesday, May 5th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.04. The business had revenue of $171.50 million for the quarter, compared to analyst estimates of $159.97 million. Commercial Vehicle Group had a negative return on equity of 12.47% and a negative net margin of 2.70%. On average, equities analysts anticipate that Commercial Vehicle Group, Inc. will post -0.1 EPS for the current year.

Institutional Investors Weigh In On Commercial Vehicle Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP boosted its stake 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 valued at $33,000 after purchasing an additional 9,364 shares in the last quarter. Bank of America Corp DE raised its stake in Commercial Vehicle Group by 46.1% in the fourth quarter. Bank of America Corp DE now owns 32,473 shares of the company’s stock worth $81,000 after buying an additional 10,242 shares in the last quarter. Jane Street Group LLC raised its stake 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 worth $131,000 after buying an additional 11,742 shares in the last quarter. NewEdge Advisors LLC purchased a new stake in Commercial Vehicle Group during the first quarter worth $44,000. Finally, Gamco Investors INC. ET AL lifted its holdings in Commercial Vehicle Group by 2.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 595,818 shares of the company’s stock worth $858,000 after buying an additional 14,818 shares during the period. Institutional investors own 72.32% of the company’s stock.

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.