Somewhat Positive Press Coverage Somewhat Unlikely to Impact Commercial Vehicle Group (CVGI) Stock Price
Media coverage about Commercial Vehicle Group (NASDAQ:CVGI) has been trending somewhat positive on Wednesday, Accern Sentiment reports. Accern identifies negative and positive press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Commercial Vehicle Group earned a news impact score of 0.15 on Accern’s scale. Accern also gave news articles about the company an impact score of 47.1209239280456 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern Sentiment’s rankings:
- Ricoh’s Commercial & Industrial Printing Business Group brings its broadest set of offerings yet to PRINT 17 (finance.yahoo.com)
- Commercial vehicle run flat tire inserts market research report just published (whatech.com)
- Commercial Vehicle Run Flat Tire Inserts Market: Technological Advancements to Propel Market Growth (openpr.com)
- Contrasting Supreme Industries (STS) & Commercial Vehicle Group (CVGI) (americanbankingnews.com)
Separately, Zacks Investment Research downgraded Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Friday, August 11th.
Shares of Commercial Vehicle Group (CVGI) opened at 6.70 on Wednesday. The company has a market capitalization of $200.15 million, a P/E ratio of 88.16 and a beta of 0.71. The firm’s 50 day moving average price is $7.05 and its 200-day moving average price is $7.50. Commercial Vehicle Group has a 1-year low of $4.36 and a 1-year high of $9.62.
Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings data on Monday, August 7th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.05). Commercial Vehicle Group had a return on equity of 10.65% and a net margin of 0.34%. The firm had revenue of $195.13 million during the quarter, compared to analysts’ expectations of $186.20 million. During the same quarter in the previous year, the business earned $0.10 earnings per share. The company’s revenue for the quarter was up 9.5% compared to the same quarter last year. Analysts expect that Commercial Vehicle Group will post $0.36 EPS for the current year.
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About Commercial Vehicle Group
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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