Commercial Vehicle Group Inc. (CVGI) Shares Down 2.3%
Shares of Commercial Vehicle Group Inc. (NASDAQ:CVGI) were down 2.3% during mid-day trading on Friday . The stock traded as low as $4.57 and last traded at $4.59, with a volume of 266,700 shares traded. The stock had previously closed at $4.70.
CVGI has been the topic of several research reports. TheStreet downgraded shares of Commercial Vehicle Group from a “hold” rating to a “sell” rating in a report on Wednesday, March 23rd. Zacks Investment Research upgraded shares of Commercial Vehicle Group from a “hold” rating to a “strong-buy” rating and set a $2.75 price objective on the stock in a report on Monday, May 16th. Finally, Seaport Global Securities upgraded shares of Commercial Vehicle Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $3.00 to $5.00 in a report on Tuesday, May 17th.
The company has a market cap of $141.17 million and a PE ratio of 22.38. The company’s 50-day moving average is $4.64 and its 200-day moving average is $3.12.
A hedge fund recently raised its stake in Commercial Vehicle Group stock. Rutabaga Capital Management LLC MA raised its stake in shares of Commercial Vehicle Group Inc. (NASDAQ:CVGI) by 12.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 7.22% of Commercial Vehicle Group worth $5,975,000 at the end of the most recent quarter.
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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