Commercial Vehicle Group (NASDAQ:CVGI) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.87 and traded as high as $5.13. Commercial Vehicle Group shares last traded at $5.07, with a volume of 512,203 shares trading hands.

Analysts Set New Price Targets

Several research firms have recently weighed in on CVGI. Noble Financial reissued an “outperform” rating on shares of Commercial Vehicle Group in a research report on Thursday, May 7th. Barrington Research reaffirmed an “outperform” rating and issued a $6.00 target price on shares of Commercial Vehicle Group in a research report on Monday, May 4th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Commercial Vehicle Group in a research report on Tuesday. Finally, Wall Street Zen raised Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $6.00.

Commercial Vehicle Group Stock Up 6.5%

The company has a debt-to-equity ratio of 0.69, a current ratio of 2.13 and a quick ratio of 1.20. The firm has a 50 day simple moving average of $4.69 and a 200-day simple moving average of $2.89. The stock has a market capitalization of $197.21 million, a price-to-earnings ratio of -10.38 and a beta of 1.40.

Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings data on Tuesday, May 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.04. Commercial Vehicle Group had a negative return on equity of 12.47% and a negative net margin of 2.70%.The firm had revenue of $171.50 million during the quarter, compared to analyst estimates of $159.97 million. On average, sell-side analysts forecast that Commercial Vehicle Group, Inc. will post -0.1 EPS for the current fiscal year.

Institutional Trading of Commercial Vehicle Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Engineers Gate Manager LP increased its stake in shares of Commercial Vehicle Group by 87.1% in the second quarter. Engineers Gate Manager LP now owns 20,116 shares of the company’s stock valued at $33,000 after buying an additional 9,364 shares in the last quarter. Virtu Financial LLC acquired a new stake in shares of Commercial Vehicle Group in the fourth quarter valued at $33,000. NewEdge Advisors LLC acquired a new stake in shares of Commercial Vehicle Group in the first quarter valued at $44,000. Teton Advisors LLC acquired a new stake in shares of Commercial Vehicle Group in the third quarter valued at $78,000. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Commercial Vehicle Group in the second quarter valued at $78,000. 72.32% of the stock is currently owned by institutional investors and hedge funds.

About Commercial Vehicle Group

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.