Commercial Vehicle Group (NASDAQ:CVGI) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Commercial Vehicle Group, Inc. (NASDAQ:CVGI)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $1.54 and traded as high as $1.66. Commercial Vehicle Group shares last traded at $1.64, with a volume of 65,335 shares traded.

Analyst Ratings Changes

Several brokerages have recently issued reports on CVGI. Zacks Research raised Commercial Vehicle Group from a “strong sell” rating to a “hold” rating in a research report on Monday, October 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Commercial Vehicle Group in a research report on Wednesday, October 8th. One investment 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 presently has a consensus rating of “Reduce”.

Commercial Vehicle Group Price Performance

The company has a current ratio of 2.41, a quick ratio of 1.48 and a debt-to-equity ratio of 0.82. The company has a market cap of $60.65 million, a PE ratio of -1.45 and a beta of 2.02. The firm has a 50 day moving average of $1.74 and a two-hundred day moving average of $1.54.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its quarterly earnings results on Monday, August 4th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.02). The company had revenue of $171.96 million during the quarter, compared to analysts’ expectations of $161.63 million. Commercial Vehicle Group had a negative return on equity of 7.40% and a negative net margin of 5.66%. Commercial Vehicle Group has set its FY 2025 guidance at EPS. Research analysts predict that Commercial Vehicle Group, Inc. will post 0.11 earnings per share 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 stock. Huber Capital Management LLC boosted its stake in Commercial Vehicle Group by 39.3% during the 1st quarter. Huber Capital Management LLC now owns 1,418,322 shares of the company’s stock valued at $1,631,000 after purchasing an additional 400,004 shares during the last quarter. Peapod Lane Capital LLC boosted its stake in Commercial Vehicle Group by 61.4% during the 2nd quarter. Peapod Lane Capital LLC now owns 912,050 shares of the company’s stock valued at $1,514,000 after purchasing an additional 346,960 shares during the last quarter. Anderson Financial Strategies LLC boosted its stake in Commercial Vehicle Group by 9.7% during the 1st quarter. Anderson Financial Strategies LLC now owns 332,497 shares of the company’s stock valued at $382,000 after purchasing an additional 29,286 shares during the last quarter. Wealthedge Investment Advisors LLC boosted its stake in Commercial Vehicle Group by 184.7% during the 1st quarter. Wealthedge Investment Advisors LLC now owns 172,891 shares of the company’s stock valued at $199,000 after purchasing an additional 112,162 shares during the last quarter. Finally, Strs Ohio purchased a new stake in Commercial Vehicle Group during the 1st quarter valued at $195,000. Hedge funds and other institutional investors own 72.32% of the company’s stock.

Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc, together with its subsidiaries, designs, manufactures, assembles, and sells systems, assemblies, and components to commercial and electric vehicle, and industrial automation markets in North America, Europe, and the Asia-Pacific regions. The company operates in four segments: Vehicle Solutions, Electrical Systems, Aftermarket & Accessories, and Industrial Automation.