Commercial Vehicle Group Inc. (CVGI) Trading Up 5.2%
Commercial Vehicle Group Inc. (NASDAQ:CVGI) was up 5.2% during mid-day trading on Wednesday . The stock traded as high as $4.25 and last traded at $4.22, with a volume of 218,878 shares trading hands. The stock had previously closed at $4.01.
Several equities research analysts recently issued reports on CVGI shares. Zacks Investment Research upgraded Commercial Vehicle Group from a “sell” rating to a “hold” rating in a research note on Friday, May 6th. Seaport Global Securities upgraded Commercial Vehicle Group from a “neutral” rating to a “buy” rating and upped their target price for the stock from $3.00 to $5.00 in a research note on Tuesday, May 17th.
The firm has a 50 day moving average of $4.64 and a 200-day moving average of $3.29. The firm has a market capitalization of $128.92 million and a PE ratio of 20.44.
A hedge fund recently raised its stake 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 filing with the SEC. 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 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.