Commercial Vehicle Group Inc. (CVGI) Shares Down 6.2%
Commercial Vehicle Group Inc. (NASDAQ:CVGI)’s share price fell 6.2% on Wednesday . The company traded as low as $4.49 and last traded at $4.69, with a volume of 436,894 shares traded. The stock had previously closed at $5.00.
A number of research firms have recently weighed in on CVGI. Seaport Global Securities downgraded shares of Commercial Vehicle Group from a “buy” rating to a “neutral” rating and set a $5.00 price target on the stock. in a research note on Wednesday. TheStreet downgraded shares of Commercial Vehicle Group from a “hold” rating to a “sell” rating in a research report on Wednesday, March 23rd. Finally, Zacks Investment Research raised shares of Commercial Vehicle Group from a “sell” rating to a “hold” rating in a research report on Friday, May 6th.
The firm has a market cap of $138.72 million and a PE ratio of 21.99. The company has a 50-day moving average of $4.45 and a 200-day moving average of $3.05.
An institutional investor recently raised its position in Commercial Vehicle Group stock. Russell Frank Co raised its position in Commercial Vehicle Group Inc. (NASDAQ:CVGI) by 18.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 548,561 shares of the company’s stock after buying an additional 84,033 shares during the period. Russell Frank Co owned 1.83% of Commercial Vehicle Group worth $1,520,000 as of its most recent SEC filing.
Commercial Vehicle Group, Inc is a supplier of a range of cab-related products and systems. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.