Commercial Vehicle Group (NASDAQ:CVGI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Commercial Vehicle Group (NASDAQ:CVGI) from a sell rating to a hold rating in a research report released on Saturday.

Commercial Vehicle Group Stock Performance

CVGI opened at $1.49 on Friday. The company has a current ratio of 2.31, a quick ratio of 1.43 and a debt-to-equity ratio of 0.70. The company has a market cap of $51.61 million, a price-to-earnings ratio of 1.46, a PEG ratio of 0.43 and a beta of 2.03. The company’s 50 day moving average is $1.15 and its 200 day moving average is $1.74. Commercial Vehicle Group has a 12-month low of $0.81 and a 12-month high of $5.69.

Commercial Vehicle Group (NASDAQ:CVGI) last posted its quarterly earnings data on Tuesday, May 6th. The company reported ($0.08) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.07. The company had revenue of $169.80 million for the quarter, compared to the consensus estimate of $163.50 million. Commercial Vehicle Group had a net margin of 3.98% and a return on equity of 5.17%. On average, equities research analysts predict that Commercial Vehicle Group will post 0.11 EPS for the current year.

Institutional Investors Weigh In On Commercial Vehicle Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Anderson Financial Strategies LLC raised its stake in Commercial Vehicle Group by 9.7% during the 1st quarter. Anderson Financial Strategies LLC now owns 332,497 shares of the company’s stock worth $382,000 after acquiring an additional 29,286 shares during the period. Strs Ohio bought a new stake in Commercial Vehicle Group during the 1st quarter worth approximately $195,000. Jane Street Group LLC raised its stake in Commercial Vehicle Group by 259.3% during the 1st quarter. Jane Street Group LLC now owns 74,086 shares of the company’s stock worth $85,000 after acquiring an additional 53,468 shares during the period. Huber Capital Management LLC raised its stake in Commercial Vehicle Group by 39.3% during the 1st quarter. Huber Capital Management LLC now owns 1,418,322 shares of the company’s stock worth $1,631,000 after acquiring an additional 400,004 shares during the period. Finally, Wealthedge Investment Advisors LLC raised its stake in Commercial Vehicle Group by 184.7% during the 1st quarter. Wealthedge Investment Advisors LLC now owns 172,891 shares of the company’s stock worth $199,000 after acquiring an additional 112,162 shares during the period. 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.