Commercial Vehicle Group Inc. (CVGI) Stock Price Up 5%
Commercial Vehicle Group Inc. (NASDAQ:CVGI) shares rose 5% during mid-day trading on Tuesday . The stock traded as high as $4.67 and last traded at $4.60, with a volume of 176,613 shares changing hands. The stock had previously closed at $4.38.
CVGI has been the topic of several research reports. Zacks Investment Research raised Commercial Vehicle Group from a “hold” rating to a “strong-buy” rating and set a $2.75 price target on the stock in a report on Monday, May 16th. Seaport Global Securities raised shares of Commercial Vehicle Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $3.00 to $5.00 in a research note on Tuesday, May 17th.
The stock’s 50 day moving average is $4.47 and its 200 day moving average is $3.38. The stock has a market cap of $139.62 million and a P/E ratio of 24.13.
Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.06. On average, analysts anticipate that Commercial Vehicle Group Inc. will post $0.21 earnings per share for the current year.
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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