Commercial Vehicle Group (NASDAQ:CVGI – Get Rating) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.
Separately, TheStreet downgraded shares of Commercial Vehicle Group from a “c” rating to a “d+” rating in a research report on Tuesday, March 28th.
Commercial Vehicle Group Trading Up 2.5 %
Shares of CVGI stock opened at $7.28 on Wednesday. The firm has a market capitalization of $242.79 million, a PE ratio of -10.87, a PEG ratio of 0.49 and a beta of 3.00. The stock has a fifty day simple moving average of $7.63 and a two-hundred day simple moving average of $6.65. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.12 and a current ratio of 1.93. Commercial Vehicle Group has a 52-week low of $4.03 and a 52-week high of $9.02.
Commercial Vehicle Group (NASDAQ:CVGI – Get Rating) last released its quarterly earnings results on Monday, March 6th. The company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.12). The company had revenue of $234.92 million during the quarter, compared to analysts’ expectations of $245.51 million. Commercial Vehicle Group had a positive return on equity of 12.26% and a negative net margin of 2.24%. On average, analysts predict that Commercial Vehicle Group will post 0.67 EPS for the current fiscal year.
Insider Activity at Commercial Vehicle Group
In other Commercial Vehicle Group news, CFO Chung Kin Cheung purchased 5,000 shares of the firm’s stock in a transaction on Monday, March 13th. The stock was bought at an average price of $7.13 per share, with a total value of $35,650.00. Following the transaction, the chief financial officer now directly owns 43,742 shares of the company’s stock, valued at approximately $311,880.46. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.70% of the stock is owned by insiders.
Institutional Investors Weigh In On Commercial Vehicle Group
Institutional investors have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in Commercial Vehicle Group in the fourth quarter valued at $167,000. Morgan Stanley boosted its holdings in Commercial Vehicle Group by 6.4% during the fourth quarter. Morgan Stanley now owns 366,979 shares of the company’s stock worth $2,499,000 after buying an additional 22,034 shares in the last quarter. Man Group plc purchased a new stake in Commercial Vehicle Group during the fourth quarter worth about $135,000. Forager Capital Management LLC boosted its holdings in Commercial Vehicle Group by 18.5% during the fourth quarter. Forager Capital Management LLC now owns 2,627,619 shares of the company’s stock worth $18,868,000 after buying an additional 410,013 shares in the last quarter. Finally, Boothbay Fund Management LLC purchased a new stake in shares of Commercial Vehicle Group in the fourth quarter valued at about $92,000. 53.06% of the stock is owned by hedge funds and other institutional investors.
About Commercial Vehicle Group
Commercial Vehicle Group, Inc engages in the manufacture, supply, and sale of cab related products and systems. It operates through Electrical Systems and Global Seating segments. The Electrical Systems segment includes electrical wire harnesses and panel assemblies, trim systems and components, cab structures and sleeper boxes, mirrors, wipers, and controls.