Commercial Vehicle Group (NASDAQ:CVGI – Get Free Report) released its earnings results on Monday. The company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.04 by ($0.01), FiscalAI reports. Commercial Vehicle Group had a negative net margin of 3.42% and a negative return on equity of 13.91%. The company had revenue of $208.09 million for the quarter, compared to analysts’ expectations of $190.93 million.
Commercial Vehicle Group Stock Up 0.3%
Shares of CVGI opened at $3.17 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.98 and a quick ratio of 1.16. Commercial Vehicle Group has a 12-month low of $1.29 and a 12-month high of $5.88. The firm has a fifty day moving average price of $3.00 and a 200-day moving average price of $3.50.
Analysts Set New Price Targets
A number of research firms recently weighed in on CVGI. Wall Street Zen cut shares of Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research note on Monday, August 10th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Commercial Vehicle Group in a research report on Friday, September 4th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $6.00.
Read Our Latest Research Report on Commercial Vehicle Group
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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