Commercial Vehicle Group Inc. (CVGI) Trading Up 2.3%
Commercial Vehicle Group Inc. (NASDAQ:CVGI) was up 2.3% during mid-day trading on Wednesday . The company traded as high as $4.49 and last traded at $4.39, with a volume of 175,889 shares traded. The stock had previously closed at $4.29.
A number of equities research analysts have recently issued reports on CVGI shares. Seaport Global Securities cut Commercial Vehicle Group from a “buy” rating to a “neutral” rating and set a $5.00 price objective for the company. in a report 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 objective for the company in a report on Monday, May 16th.
The company has a market capitalization of $135.64 million and a price-to-earnings ratio of 23.44. The stock’s 50 day moving average is $4.58 and its 200 day moving average is $3.34.
Commercial Vehicle Group (NASDAQ:CVGI) last posted its earnings results on Thursday, August 4th. The company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.06. On average, equities analysts predict that Commercial Vehicle Group Inc. will post $0.21 EPS for the current year.
An institutional investor recently raised its position in Commercial Vehicle Group stock. Russell Frank Co raised its position in Commercial Vehicle Group Inc. (NASDAQ:CVGI) by 18.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 548,561 shares of the company’s stock after buying an additional 84,033 shares during the period. Russell Frank Co owned approximately 1.83% of Commercial Vehicle Group worth $1,520,000 as of its most recent filing with the SEC.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.