Commercial Vehicle Group Inc. (CVGI) Shares Up 2.5%
Shares of Commercial Vehicle Group Inc. (NASDAQ:CVGI) shot up 2.5% on Monday . The company traded as high as $4.68 and last traded at $4.47, with a volume of 368,664 shares traded. The stock had previously closed at $4.36.
A number of brokerages recently weighed in on CVGI. Seaport Global Securities cut shares of 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 upgraded shares of 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.
The firm has a market capitalization of $123.71 million and a PE ratio of 19.61. The firm has a 50 day moving average price of $4.72 and a 200 day moving average price of $3.22.
A hedge fund recently raised its stake in Commercial Vehicle Group stock. Russell Frank Co raised its position in shares of Commercial Vehicle Group Inc. (NASDAQ:CVGI) by 18.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 548,561 shares of the company’s stock after buying an additional 84,033 shares during the period. Russell Frank Co owned about 1.83% of Commercial Vehicle Group worth $1,520,000 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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