Commercial Vehicle Group (NASDAQ:CVGI) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) crossed above its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $3.00 and traded as high as $3.09. Commercial Vehicle Group shares last traded at $3.05, with a volume of 238,024 shares traded.

Analyst Ratings Changes

A number of research analysts have recently commented on the stock. Wall Street Zen downgraded shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research report on Monday, August 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Commercial Vehicle Group in a report on Friday, September 4th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $6.00.

Commercial Vehicle Group Stock Down 1.2%

The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.98. The company has a 50 day moving average price of $3.00 and a 200 day moving average price of $3.48.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its quarterly earnings results on Monday, August 3rd. The company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.08). Commercial Vehicle Group had a negative net margin of 3.42% and a negative return on equity of 13.91%. The business had revenue of $195.24 million during the quarter, compared to the consensus estimate of $171.58 million. On average, research analysts expect that Commercial Vehicle Group, Inc. will post -0.20 EPS for the current year.

Institutional Trading of Commercial Vehicle Group

Hedge funds have recently modified their holdings of the stock. NewEdge Advisors LLC acquired a new stake in Commercial Vehicle Group during the first quarter worth approximately $44,000. Callan Family Office LLC acquired a new position in shares of Commercial Vehicle Group in the second quarter valued at approximately $57,000. Bank of America Corp DE acquired a new position in shares of Commercial Vehicle Group in the second quarter valued at approximately $83,000. State of Wyoming acquired a new position in shares of Commercial Vehicle Group in the third quarter valued at approximately $84,000. Finally, AXQ Capital LP bought a new position in shares of Commercial Vehicle Group during the second quarter worth approximately $95,000. Institutional investors and hedge funds own 72.32% of the company’s stock.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc (NASDAQ: CVGI) is a supplier of systems, components and assemblies for commercial vehicles and other specialty equipment. The company serves original equipment manufacturers in markets such as heavy-duty trucks, construction equipment, agricultural machinery, military vehicles and other industrial applications.

Its products include vehicle seating systems, cab structures, sleeper cabs, trim and interior components, instrument panels, control systems, wire harnesses and other electrical assemblies.