Commercial Vehicle Group Inc. (CVGI) Stock Price Up 2.5%
Commercial Vehicle Group Inc. (NASDAQ:CVGI) rose 2.5% on Monday . The company traded as high as $4.68 and last traded at $4.47, with a volume of 368,664 shares trading hands. The stock had previously closed at $4.36.
CVGI has been the subject of a number of analyst reports. Seaport Global Securities downgraded shares of Commercial Vehicle Group from a “buy” rating to a “neutral” rating and set a $5.00 price target for the company. 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 target for the company in a research report on Monday, May 16th.
The company’s 50-day moving average is $4.71 and its 200 day moving average is $3.18. The stock has a market capitalization of $137.49 million and a price-to-earnings ratio of 21.80.
A hedge fund recently raised its stake in Commercial Vehicle Group stock. Rutabaga Capital Management LLC MA increased its position in Commercial Vehicle Group Inc. (NASDAQ:CVGI) by 12.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent reporting period.
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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