Commercial Vehicle Group Inc. (CVGI) Trading Down 1.4%
Commercial Vehicle Group Inc. (NASDAQ:CVGI)’s share price was down 1.4% on Monday . The company traded as low as $4.30 and last traded at $4.37, with a volume of 202,332 shares changing hands. The stock had previously closed at $4.43.
A number of equities analysts have weighed in on CVGI shares. Seaport Global Securities cut shares of Commercial Vehicle Group from a “buy” rating to a “neutral” rating and set a $5.00 price objective 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 target price on the stock in a research note on Monday, May 16th.
The company has a market cap of $134.74 million and a price-to-earnings ratio of 21.36. The stock’s 50 day moving average price is $4.61 and its 200 day moving average price is $3.33.
Commercial Vehicle Group (NASDAQ:CVGI) last released its earnings results on Thursday, August 4th. The company reported $0.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.06. Equities research analysts forecast that Commercial Vehicle Group Inc. will post $0.15 earnings per share for the current year.
An institutional investor recently raised its position in Commercial Vehicle Group stock. Rutabaga Capital Management LLC MA raised its position in shares of Commercial Vehicle Group Inc. (NASDAQ:CVGI) by 12.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. 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.
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