Commercial Vehicle Group Inc. (CVGI) Stock Price Down 3.6%
Commercial Vehicle Group Inc. (NASDAQ:CVGI) was down 3.6% on Wednesday . The company traded as low as $3.92 and last traded at $3.96, with a volume of 409,963 shares changing hands. The stock had previously closed at $4.11.
A number of equities research analysts recently weighed in on CVGI shares. Seaport Global Securities downgraded shares of Commercial Vehicle Group from a “buy” rating to a “neutral” rating and set a $5.00 price objective for the company. in a research report on Wednesday, July 6th. Zacks Investment Research raised shares of Commercial Vehicle Group from a “hold” rating to a “strong-buy” rating and set a $2.75 target price for the company in a research note on Monday, May 16th.
The stock has a market capitalization of $122.18 million and a PE ratio of 19.37. The stock’s 50-day moving average price is $4.72 and its 200-day moving average price is $3.22.
An institutional investor recently raised its position in Commercial Vehicle Group stock. Rutabaga Capital Management LLC MA boosted its stake in Commercial Vehicle Group Inc. (NASDAQ:CVGI) by 12.2% during the fourth quarter, according to its most recent disclosure 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 approximately 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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