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

Commercial Vehicle Group, Inc. (NASDAQ:CVGI) 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 changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reissued a “sell (d)” rating on shares of Commercial Vehicle Group in a research note on Wednesday, October 8th. Zacks Research raised Commercial Vehicle Group from a “strong sell” rating to a “hold” rating in a research note on Monday, October 6th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Reduce”.

Commercial Vehicle Group Price Performance

The business has a 50-day simple moving average of $1.74 and a 200 day simple moving average of $1.54. The firm has a market cap of $60.65 million, a P/E ratio of -1.45 and a beta of 2.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.48 and a current ratio of 2.41.

Commercial Vehicle Group (NASDAQ:CVGI) last released its quarterly earnings results on Monday, August 4th. The company reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.02). The business had revenue of $171.96 million for the quarter, compared to the consensus estimate of $161.63 million. Commercial Vehicle Group had a negative net margin of 5.66% and a negative return on equity of 7.40%. Commercial Vehicle Group has set its FY 2025 guidance at EPS. On average, analysts anticipate that Commercial Vehicle Group, Inc. will post 0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Engineers Gate Manager LP raised its position in Commercial Vehicle Group by 87.1% during the 2nd quarter. Engineers Gate Manager LP now owns 20,116 shares of the company’s stock valued at $33,000 after purchasing an additional 9,364 shares during the last quarter. Nuveen LLC purchased a new position in shares of Commercial Vehicle Group during the 1st quarter worth approximately $74,000. Qube Research & Technologies Ltd bought a new position in shares of Commercial Vehicle Group in the 2nd quarter worth approximately $78,000. Bank of America Corp DE raised its position in shares of Commercial Vehicle Group by 46.1% in the 4th quarter. Bank of America Corp DE now owns 32,473 shares of the company’s stock worth $81,000 after acquiring an additional 10,242 shares in the last quarter. Finally, HBK Sorce Advisory LLC bought a new position in shares of Commercial Vehicle Group in the 2nd quarter worth approximately $82,000. 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.