Commercial Vehicle Group Inc. (CVGI) Stock Price Up 4.5%
Commercial Vehicle Group Inc. (NASDAQ:CVGI) rose 4.5% on Tuesday . The company traded as high as $4.50 and last traded at $4.41, with a volume of 422,813 shares changing hands. The stock had previously closed at $4.22.
CVGI has been the topic of a number of research analyst reports. TheStreet cut Commercial Vehicle Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 23rd. Zacks Investment Research upgraded Commercial Vehicle Group from a “sell” rating to a “hold” rating in a research report on Friday, May 6th. Finally, Seaport Global Securities upgraded Commercial Vehicle Group from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $3.00 to $5.00 in a research report on Tuesday, May 17th.
The firm has a 50-day moving average of $4.55 and a 200-day moving average of $3.09. The stock has a market cap of $135.35 million and a PE ratio of 21.46.
An institutional investor recently raised its position in Commercial Vehicle Group stock. Rutabaga Capital Management LLC MA boosted its stake in shares of Commercial Vehicle Group Inc. (NASDAQ:CVGI) by 12.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,164,895 shares of the company’s stock after buying an additional 235,450 shares during the period. Rutabaga Capital Management LLC MA owned approximately 7.22% of Commercial Vehicle Group worth $5,975,000 as of its most recent filing with the SEC.
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.
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