Commercial Vehicle Group Inc. (CVGI) Shares Down 6.2%
Commercial Vehicle Group Inc. (NASDAQ:CVGI)’s share price traded down 6.2% on Wednesday . The stock traded as low as $4.49 and last traded at $4.69, with a volume of 436,894 shares traded. The stock had previously closed at $5.00.
Several equities analysts recently weighed in on the company. Seaport Global Securities downgraded Commercial Vehicle Group from a “buy” rating to a “neutral” rating and set a $5.00 target price on the stock. in a research report on Wednesday. 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. Finally, TheStreet lowered Commercial Vehicle Group from a “hold” rating to a “sell” rating in a research note on Wednesday, March 23rd.
The company has a 50 day moving average of $4.36 and a 200 day moving average of $3.03. The stock has a market capitalization of $138.72 million and a P/E ratio of 21.99.
A hedge fund recently raised its stake in Commercial Vehicle Group stock. Rutabaga Capital Management LLC MA raised 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 fund 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 as of its most recent SEC filing.
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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