Commercial Vehicle Group (NASDAQ:CVGI) Shares Pass Above 50-Day Moving Average of $7.21
Shares of Commercial Vehicle Group, Inc. (NASDAQ:CVGI) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $7.21 and traded as high as $7.67. Commercial Vehicle Group shares last traded at $7.60, with a volume of 1,234 shares traded.
A number of equities research analysts have issued reports on CVGI shares. BidaskClub raised shares of Zillow Group from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, July 2nd. ValuEngine raised shares of Zuora from a “hold” rating to a “buy” rating in a research report on Saturday, July 6th.
The company has a quick ratio of 1.68, a current ratio of 2.38 and a debt-to-equity ratio of 1.36. The business has a 50-day moving average price of $7.21. The stock has a market capitalization of $239.12 million, a price-to-earnings ratio of 5.46 and a beta of 2.66.
Several institutional investors have recently added to or reduced their stakes in CVGI. Quantamental Technologies LLC grew its position in shares of Commercial Vehicle Group by 48.0% during the 1st quarter. Quantamental Technologies LLC now owns 3,444 shares of the company’s stock valued at $26,000 after acquiring an additional 1,117 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Commercial Vehicle Group by 62,850.0% during the 1st quarter. BNP Paribas Arbitrage SA now owns 6,295 shares of the company’s stock valued at $48,000 after acquiring an additional 6,285 shares during the period. Metropolitan Life Insurance Co NY bought a new position in shares of Commercial Vehicle Group during the 1st quarter valued at approximately $67,000. Bank of America Corp DE grew its position in shares of Commercial Vehicle Group by 95.4% during the 4th quarter. Bank of America Corp DE now owns 16,765 shares of the company’s stock valued at $96,000 after acquiring an additional 8,186 shares during the period. Finally, MetLife Investment Advisors LLC bought a new position in shares of Commercial Vehicle Group during the 1st quarter valued at approximately $112,000. 80.87% of the stock is owned by hedge funds and other institutional investors.
Commercial Vehicle Group Company Profile (NASDAQ:CVGI)
Commercial Vehicle Group, Inc, together with its subsidiaries, designs, engineers, produces, and sells a range of cab related products and systems in North America, Europe, and the Asia Pacific regions. It operates through two segments, Electrical Systems and Global Seating. The Electrical Systems segment electronic provides wire harness assemblies that function as current carrying devices used to provide electrical interconnections for gauges, lights, control functions, power circuits, powertrain and transmission sensors, emissions systems, and other electronic applications on commercial vehicles; and panel assemblies and cabinets.
Featured Story: How Do You Calculate Return on Investment (ROI)?
Receive News & Ratings for Commercial Vehicle Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Commercial Vehicle Group and related companies with MarketBeat.com's FREE daily email newsletter.