Commercial Vehicle Group (NASDAQ:CVGI) Cut to Sell at StockNews.com

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

Commercial Vehicle Group Trading Down 6.0 %

Shares of NASDAQ:CVGI opened at $1.41 on Friday. The firm has a market capitalization of $48.84 million, a P/E ratio of 1.38, a price-to-earnings-growth ratio of 0.43 and a beta of 2.39. Commercial Vehicle Group has a 12-month low of $1.40 and a 12-month high of $6.64. The firm has a fifty day moving average of $1.98 and a two-hundred day moving average of $2.48. The company has a quick ratio of 1.43, a current ratio of 2.31 and a debt-to-equity ratio of 0.70.

Commercial Vehicle Group (NASDAQ:CVGI) last released its earnings results on Monday, March 10th. The company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.08). Commercial Vehicle Group had a return on equity of 5.17% and a net margin of 3.98%. The firm had revenue of $163.29 million for the quarter, compared to analyst estimates of $158.37 million. On average, equities analysts expect that Commercial Vehicle Group will post 0.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Commercial Vehicle Group

A number of hedge funds and other institutional investors have recently bought and sold shares of CVGI. Anderson Financial Strategies LLC acquired a new stake in shares of Commercial Vehicle Group during the fourth quarter worth $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 acquiring an additional 254,364 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Commercial Vehicle Group during the 4th quarter worth about $431,000. D. E. Shaw & Co. Inc. boosted its holdings in shares of Commercial Vehicle Group by 36.3% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 454,654 shares of the company’s stock worth $1,128,000 after buying an additional 120,996 shares during the period. Finally, Millennium Management LLC bought a new stake in shares of Commercial Vehicle Group during the 4th quarter worth about $297,000. 72.32% of the stock is owned by institutional investors.

About Commercial Vehicle Group

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.