Commercial Vehicle Group Inc. (CVGI) Shares Down 2.3%
Commercial Vehicle Group Inc. (NASDAQ:CVGI) traded down 2.3% during trading on Friday . The stock traded as low as $4.57 and last traded at $4.59, with a volume of 266,700 shares traded. The stock had previously closed at $4.70.
Several equities research analysts recently commented on the stock. Seaport Global Securities downgraded shares of 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, 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 target price on the stock in a research report on Monday, May 16th. Finally, TheStreet downgraded shares of Commercial Vehicle Group from a “hold” rating to a “sell” rating in a research report on Wednesday, March 23rd.
The company has a 50 day moving average of $4.64 and a 200-day moving average of $3.12. The firm has a market cap of $141.17 million and a price-to-earnings ratio of 22.38.
A hedge fund recently raised its stake in Commercial Vehicle Group stock. Rutabaga Capital Management LLC MA increased its stake in shares of 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 approximately 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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