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

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

Commercial Vehicle Group Trading Down 6.0 %

CVGI traded down $0.09 during midday trading on Friday, reaching $1.41. 538,270 shares of the company were exchanged, compared to its average volume of 224,867. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.43 and a current ratio of 2.31. Commercial Vehicle Group has a one year low of $1.41 and a one year high of $6.64. The stock has a market capitalization of $48.64 million, a P/E ratio of 1.38, a PEG ratio of 0.43 and a beta of 2.39. The stock’s 50-day simple moving average is $1.98 and its 200 day simple moving average is $2.49.

Commercial Vehicle Group (NASDAQ:CVGI) last issued its earnings results on Monday, March 10th. The company reported ($0.15) earnings per share (EPS) 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 company had revenue of $163.29 million for the quarter, compared to the consensus estimate of $158.37 million. As a group, analysts forecast that Commercial Vehicle Group will post 0.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Commercial Vehicle Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pinnacle Holdings LLC bought a new position in shares of Commercial Vehicle Group during the 4th quarter valued at about $26,000. Sei Investments Co. bought a new position in shares of Commercial Vehicle Group during the 4th quarter valued at about $27,000. Ethic Inc. bought a new position in shares of Commercial Vehicle Group during the 4th quarter valued at about $31,000. Intech Investment Management LLC bought a new position in shares of Commercial Vehicle Group during the 4th quarter valued at about $38,000. Finally, Granite Investment Partners LLC bought a new position in shares of Commercial Vehicle Group during the 4th quarter valued at about $42,000. Institutional investors own 72.32% of the company’s stock.

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.