Commercial Vehicle Group Inc. (CVGI) Stock Price Down 5%
Commercial Vehicle Group Inc. (NASDAQ:CVGI) shares fell 5% on Tuesday . The company traded as low as $4.00 and last traded at $4.01, with a volume of 230,193 shares trading hands. The stock had previously closed at $4.22.
A number of research firms have 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 objective on the stock. in a research report 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 objective on the stock in a research report on Monday, May 16th.
The company has a 50-day moving average price of $4.65 and a 200-day moving average price of $3.28. The company has a market cap of $122.79 million and a PE ratio of 19.47.
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 Securities and Exchange Commission (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 1.83% of Commercial Vehicle Group worth $1,520,000 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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