Commercial Vehicle Group Inc. (CVGI) Trading Down 2.2%
Shares of Commercial Vehicle Group Inc. (NASDAQ:CVGI) were 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 trading hands. The stock had previously closed at $4.47.
Several analysts have issued reports on CVGI shares. Zacks Investment Research upgraded shares of Commercial Vehicle Group from a “sell” rating to a “hold” rating in a research report on Friday, May 6th. Seaport Global Securities upgraded shares of Commercial Vehicle Group from a “neutral” rating to a “buy” rating and upped their price target for the company from $3.00 to $5.00 in a research report on Tuesday, May 17th.
The firm has a market capitalization of $133.51 million and a price-to-earnings ratio of 21.17. The stock’s 50 day moving average is $4.71 and its 200-day moving average is $3.18.
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 filing with the Securities and Exchange Commission. The firm 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 reporting period.
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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