Commercial Vehicle Group (NASDAQ:CVGI) Downgraded to Sell Rating by StockNews.com

StockNews.com cut shares of Commercial Vehicle Group (NASDAQ:CVGI) from a hold rating to a sell rating in a research report released on Friday morning.

Commercial Vehicle Group Stock Performance

Shares of CVGI stock opened at $1.41 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.31 and a quick ratio of 1.43. The stock has a market cap of $48.64 million, a PE ratio of 1.38, a price-to-earnings-growth ratio of 0.43 and a beta of 2.39. The stock has a 50-day moving average of $1.98 and a 200-day moving average of $2.49. Commercial Vehicle Group has a one year low of $1.40 and a one year high of $6.64.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly earnings results on Monday, March 10th. The company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). The company had revenue of $163.29 million during the quarter, compared to the consensus estimate of $158.37 million. Commercial Vehicle Group had a net margin of 3.98% and a return on equity of 5.17%. As a group, sell-side analysts expect that Commercial Vehicle Group will post 0.11 earnings per share for the current year.

Institutional Trading of Commercial Vehicle Group

A number of institutional investors and hedge funds have recently modified their holdings of CVGI. Anderson Financial Strategies LLC bought a new stake in shares of Commercial Vehicle Group in the 4th quarter valued at about $752,000. Renaissance Technologies LLC grew its position in shares of Commercial Vehicle Group by 14.7% in the 4th quarter. Renaissance Technologies LLC now owns 1,978,959 shares of the company’s stock valued at $4,908,000 after purchasing an additional 254,364 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Commercial Vehicle Group in the 4th quarter valued at approximately $431,000. D. E. Shaw & Co. Inc. grew its position in shares of Commercial Vehicle Group by 36.3% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 454,654 shares of the company’s stock valued at $1,128,000 after purchasing an additional 120,996 shares during the period. Finally, Millennium Management LLC acquired a new position in shares of Commercial Vehicle Group in the 4th quarter valued at approximately $297,000. 72.32% of the stock is owned by institutional investors.

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.