Commercial Vehicle Group (NASDAQ:CVGI) Lowered to Hold at BidaskClub

Commercial Vehicle Group (NASDAQ:CVGI) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday, January 30th.

Several other brokerages also recently weighed in on CVGI. Zacks Investment Research downgraded shares of Commercial Vehicle Group from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 9th. ValuEngine upgraded shares of Commercial Vehicle Group from a “hold” rating to a “buy” rating in a research report on Tuesday, November 7th.

Commercial Vehicle Group (CVGI) opened at $10.72 on Tuesday. The company has a current ratio of 2.09, a quick ratio of 1.44 and a debt-to-equity ratio of 2.10. Commercial Vehicle Group has a twelve month low of $5.35 and a twelve month high of $13.90. The company has a market cap of $323.75, a P/E ratio of 31.06 and a beta of 1.16.

A number of hedge funds have recently added to or reduced their stakes in CVGI. Renaissance Technologies LLC raised its position in Commercial Vehicle Group by 50.1% in the 2nd quarter. Renaissance Technologies LLC now owns 1,864,305 shares of the company’s stock valued at $15,753,000 after purchasing an additional 622,305 shares during the last quarter. Millennium Management LLC increased its stake in Commercial Vehicle Group by 549.8% in the 4th quarter. Millennium Management LLC now owns 685,955 shares of the company’s stock valued at $7,333,000 after buying an additional 580,385 shares during the period. Cortina Asset Management LLC acquired a new position in Commercial Vehicle Group in the 3rd quarter valued at $3,937,000. Brightline Capital Management LLC acquired a new position in Commercial Vehicle Group in the 4th quarter valued at $4,116,000. Finally, State Street Corp increased its stake in Commercial Vehicle Group by 1,663.5% in the 2nd quarter. State Street Corp now owns 278,477 shares of the company’s stock valued at $2,353,000 after buying an additional 262,686 shares during the period. Hedge funds and other institutional investors own 76.36% of the company’s stock.

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Commercial Vehicle Group Company Profile

Commercial Vehicle Group, Inc is a supplier of a range of cab-related products and systems. The Company operates through two segments: the Global Truck and Bus Segment (GTB Segment) and the Global Construction and Agriculture Segment (GCA Segment). The GTB Segment manufactures and sells products, which include Seats, Trim, sleeper boxes, cab structures, structural components and body panels, and mirrors and wiper systems.

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