Commercial Vehicle Group Inc. (CVGI) Shares Up 5%
Commercial Vehicle Group Inc. (NASDAQ:CVGI) shares shot up 5% on Tuesday . The stock traded as high as $4.67 and last traded at $4.60, with a volume of 176,613 shares. The stock had previously closed at $4.38.
Several research firms have recently weighed in on CVGI. Seaport Global Securities cut 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 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 stock has a market capitalization of $143.30 million and a P/E ratio of 24.76. The company has a 50 day moving average of $4.45 and a 200 day moving average of $3.40.
Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.06. On average, equities research analysts forecast that Commercial Vehicle Group Inc. will post $0.21 EPS for the current fiscal year.
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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