Shares of the company are trading at $8.35 well above the 50 day moving average of $7.17 and which is marginally higher than the 200 day moving average of $7.76. The 50 day moving average was up $1.18 and the 200 day average moved up $0.59. Commercial Vehicle Group, Inc. shares had a trading volume of 182K in the last trading session. Shares saw a steep decrease in trading volume of 43.30% under the normal average daily volume.
Investors are a little more bullish on shares of Commercial Vehicle Group, Inc. lately if you take into consideration the change in short interest. The firm experienced a fall in short interest of -29.76% as of the latest report on September 29, 2017. Short shares fell 245,854 over that timeframe. The short-interest ratio decreased to 2.0 and the percentage of shorted shares was 0.02% on September 29.
These firms have modified their investment in CVGI. As of the end of the quarter Aristotle Capital Boston, LLC had acquired 41,168 shares growing its position 4.9%. The value in dollars increased from $5,679,000 to $7,436,000 increasing 30.9% since the last quarter. As of quarter end James Investment Research Inc had sold a total of 170,050 shares trimming its stake by 99.3%. The value of the company’s investment in Commercial Vehicle Group, Inc. went from $1,447,000 to $9,000 a change of 99.4% for the reporting period.
As of the end of the quarter Acadian Asset Management LLC had disposed of a total of 341,494 shares trimming its holdings by 31.6%. The value of the total investment in Commercial Vehicle Group, Inc. went from $9,123,000 to $5,426,000 a change of $3,697,000 quarter to quarter. As of the end of the quarter Cutler Group LP had bought 5,400 shares growing its holdings by 68.4%. The value of the investment in CVGI increased from $4,000 to $5,000 a change of 25.0% quarter over quarter.
The P/E ratio is currently 109.87 and the market cap of the company is 249.44M. As of the latest earnings report the EPS was $0.08 and is projected to be $0.36 for the current year with 29,873,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $0.14 and the next full year EPS is anticipated to be $0.83.
Commercial Vehicle Group, Inc., launched on August 23, 2000, 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. The GCA Segment manufactures and sells the products, which include Electronic wire harness assemblies and Seats, Wiper systems, Office seating, and Aftermarket seats and components..