Commercial Vehicle Group (NASDAQ:CVGI) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of Commercial Vehicle Group (NASDAQ:CVGI) to a hold rating in a report issued on Saturday morning.

Separately, Weiss Ratings reiterated a “sell (d)” rating on shares of Commercial Vehicle Group in a report on Wednesday, January 21st. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Commercial Vehicle Group currently has a consensus rating of “Reduce”.

Commercial Vehicle Group Trading Up 24.5%

NASDAQ:CVGI opened at $2.90 on Friday. Commercial Vehicle Group has a fifty-two week low of $0.81 and a fifty-two week high of $2.94. The company has a debt-to-equity ratio of 0.78, a current ratio of 2.43 and a quick ratio of 1.36. The stock has a market capitalization of $106.26 million, a PE ratio of -4.33 and a beta of 1.89. The business’s 50-day simple moving average is $1.70 and its 200-day simple moving average is $1.66.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its quarterly earnings data on Tuesday, March 10th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.03). The business had revenue of $154.76 million during the quarter, compared to analyst estimates of $147.05 million. Commercial Vehicle Group had a negative net margin of 3.51% and a negative return on equity of 11.74%. Sell-side analysts expect that Commercial Vehicle Group will post 0.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Commercial Vehicle Group

Several institutional investors have recently bought and sold shares of the company. Bank of America Corp DE grew its stake in shares of Commercial Vehicle Group by 46.1% during the 4th quarter. Bank of America Corp DE now owns 32,473 shares of the company’s stock worth $81,000 after acquiring an additional 10,242 shares in the last quarter. Jane Street Group LLC lifted its position in shares of Commercial Vehicle Group by 259.3% in the first quarter. Jane Street Group LLC now owns 74,086 shares of the company’s stock worth $85,000 after purchasing an additional 53,468 shares in the last quarter. XTX Topco Ltd acquired a new position in Commercial Vehicle Group during the second quarter worth $174,000. Arrowstreet Capital Limited Partnership bought a new position in Commercial Vehicle Group in the second quarter valued at $84,000. Finally, Qube Research & Technologies Ltd bought a new position in Commercial Vehicle Group in the second quarter valued at $78,000. Institutional investors own 72.32% of the company’s stock.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc (NASDAQ: CVGI) is a global designer, engineer and manufacturer of seating systems and interior components for commercial vehicles. The company serves original equipment manufacturers (OEMs) in the on‐highway, off‐highway and specialty vehicle markets, supplying complete seating assemblies, suspension mechanisms and interior trim products. CVGI’s offerings are aimed at enhancing driver comfort, safety and overall vehicle usability across a diverse range of applications, from heavy‐duty trucks and transit buses to agricultural and construction equipment.

The company’s product portfolio is organized around three core segments: Seating, Controls and Interiors.