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

Commercial Vehicle Group (NASDAQ:CVGI) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Friday.

Commercial Vehicle Group Stock Down 6.0 %

Shares of NASDAQ CVGI opened at $1.41 on Friday. The business has a 50-day moving average of $1.98 and a two-hundred day moving average of $2.49. The company has a market capitalization of $48.64 million, a price-to-earnings ratio of 1.38, a price-to-earnings-growth ratio of 0.43 and a beta of 2.39. Commercial Vehicle Group has a 1 year low of $1.40 and a 1 year high of $6.64. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.31 and a quick ratio of 1.43.

Commercial Vehicle Group (NASDAQ:CVGI) last announced its quarterly 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). The company had revenue of $163.29 million during the quarter, compared to analysts’ expectations of $158.37 million. Commercial Vehicle Group had a net margin of 3.98% and a return on equity of 5.17%. On average, analysts forecast that Commercial Vehicle Group will post 0.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Pinnacle Holdings LLC acquired a new stake in shares of Commercial Vehicle Group during the fourth quarter worth $26,000. Sei Investments Co. acquired a new stake in shares of Commercial Vehicle Group in the fourth quarter valued at approximately $27,000. Ethic Inc. acquired a new stake in Commercial Vehicle Group during the 4th quarter valued at $31,000. Intech Investment Management LLC acquired a new stake in shares of Commercial Vehicle Group during the fourth quarter valued at $38,000. Finally, Granite Investment Partners LLC acquired a new stake in shares of Commercial Vehicle Group during the 4th quarter worth about $42,000. 72.32% of the stock is currently owned by institutional investors and hedge funds.

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.