Commercial Vehicle Group Inc. (CVGI) Trading Down 2.2%
Commercial Vehicle Group Inc. (NASDAQ:CVGI) shares traded down 2.2% during mid-day trading on Thursday . The stock traded as low as $4.19 and last traded at $4.37, with a volume of 237,539 shares. The stock had previously closed at $4.47.
A number of brokerages recently commented on CVGI. Seaport Global Securities lowered Commercial Vehicle Group from a “buy” rating to a “neutral” rating and set a $5.00 price target for the company. in a research note on Wednesday, July 6th. Zacks Investment Research raised Commercial Vehicle Group from a “hold” rating to a “strong-buy” rating and set a $2.75 price target for the company in a research note on Monday, May 16th. Finally, TheStreet lowered Commercial Vehicle Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 23rd.
The firm’s 50-day moving average is $4.70 and its 200 day moving average is $3.17. The company has a market capitalization of $134.74 million and a PE ratio of 21.36.
A hedge fund recently raised its stake in Commercial Vehicle Group stock. Rutabaga Capital Management LLC MA increased 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. 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 about 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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