Commercial Vehicle Group (NASDAQ:CVGI – Get Free Report) posted its quarterly earnings results on Monday. The company reported $0.03 EPS for the quarter, missing the consensus estimate of $0.04 by ($0.01), FiscalAI reports. The business had revenue of $208.09 million during the quarter, compared to analysts’ expectations of $190.93 million. Commercial Vehicle Group had a negative net margin of 3.42% and a negative return on equity of 13.91%.
Commercial Vehicle Group Stock Performance
Shares of CVGI traded up $0.01 during trading hours on Monday, hitting $3.17. The stock had a trading volume of 358,784 shares, compared to its average volume of 635,705. The firm has a 50-day moving average price of $3.00 and a 200 day moving average price of $3.49. Commercial Vehicle Group has a fifty-two week low of $1.29 and a fifty-two week high of $5.88. The firm has a market capitalization of $128.81 million, a price-to-earnings ratio of -4.73 and a beta of 1.38. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.16 and a current ratio of 1.98.
Wall Street Analyst Weigh In
CVGI has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Commercial Vehicle Group in a research note on Friday, September 4th. Wall Street Zen downgraded Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Commercial Vehicle Group currently has a consensus rating of “Hold” and a consensus price target of $6.00.
Check Out Our Latest Analysis on CVGI
About Commercial Vehicle Group
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.
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