Commercial Vehicle Group (CVGI) Sets New 52-Week High at $12.51

Commercial Vehicle Group, Inc. (NASDAQ:CVGI)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $12.51 and last traded at $11.44, with a volume of 221800 shares changing hands. The stock had previously closed at $10.88.

Several equities analysts recently commented on the company. Zacks Investment Research upgraded Commercial Vehicle Group from a “hold” rating to a “strong-buy” rating and set a $13.00 price objective on the stock in a research note on Wednesday. ValuEngine downgraded Commercial Vehicle Group from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, BidaskClub downgraded Commercial Vehicle Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, January 11th.

The company has a market cap of $392.12, a PE ratio of 68.00 and a beta of 1.00. The company has a quick ratio of 1.44, a current ratio of 2.09 and a debt-to-equity ratio of 2.10.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its earnings results on Monday, November 6th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.11. The firm had revenue of $198.30 million for the quarter, compared to the consensus estimate of $173.90 million. Commercial Vehicle Group had a return on equity of 14.58% and a net margin of 0.82%. The business’s quarterly revenue was up 29.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.07 earnings per share. equities analysts expect that Commercial Vehicle Group, Inc. will post 0.46 earnings per share for the current year.

Several large investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its position in shares of Commercial Vehicle Group by 54.7% during the third quarter. Wells Fargo & Company MN now owns 15,312 shares of the company’s stock worth $113,000 after acquiring an additional 5,412 shares in the last quarter. Cadence Capital Management LLC lifted its position in shares of Commercial Vehicle Group by 5.1% during the third quarter. Cadence Capital Management LLC now owns 165,525 shares of the company’s stock worth $1,217,000 after acquiring an additional 8,075 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of Commercial Vehicle Group by 7.5% during the second quarter. California Public Employees Retirement System now owns 164,800 shares of the company’s stock worth $1,393,000 after acquiring an additional 11,500 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Commercial Vehicle Group by 1.4% during the second quarter. Vanguard Group Inc. now owns 1,146,577 shares of the company’s stock worth $9,689,000 after acquiring an additional 15,512 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Commercial Vehicle Group during the third quarter worth $139,000. Hedge funds and other institutional investors own 76.44% of the company’s stock.

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About Commercial Vehicle Group

Commercial Vehicle Group, Inc is a supplier of a range of cab-related products and systems. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems.

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