StockNews.com Downgrades Commercial Vehicle Group (NASDAQ:CVGI) to Sell

StockNews.com lowered shares of Commercial Vehicle Group (NASDAQ:CVGI) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

Commercial Vehicle Group Trading Down 6.0 %

NASDAQ:CVGI opened at $1.41 on Friday. The firm’s fifty day moving average is $1.98 and its 200-day moving average is $2.48. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.43 and a current ratio of 2.31. Commercial Vehicle Group has a 52 week low of $1.40 and a 52 week high of $6.64. The firm has a market cap of $48.84 million, a P/E ratio of 1.38, a P/E/G ratio of 0.43 and a beta of 2.39.

Commercial Vehicle Group (NASDAQ:CVGI) last released its earnings results on Monday, March 10th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). Commercial Vehicle Group had a net margin of 3.98% and a return on equity of 5.17%. The company had revenue of $163.29 million for the quarter, compared to analyst estimates of $158.37 million. Equities analysts expect that Commercial Vehicle Group will post 0.11 earnings per share for the current year.

Hedge Funds Weigh In On Commercial Vehicle Group

Several institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Holdings LLC bought a new position in Commercial Vehicle Group during the fourth quarter worth about $26,000. Sei Investments Co. purchased a new position in shares of Commercial Vehicle Group during the fourth quarter worth approximately $27,000. Ethic Inc. purchased a new position in shares of Commercial Vehicle Group during the fourth quarter worth approximately $31,000. Intech Investment Management LLC purchased a new position in shares of Commercial Vehicle Group during the fourth quarter worth approximately $38,000. Finally, Granite Investment Partners LLC bought a new position in shares of Commercial Vehicle Group in the fourth quarter worth approximately $42,000. 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.