(CVGI) Shares Trading up at $8.67 Commercial Vehicle Group Announces Third…


Commercial Vehicle Group, Inc. (NASDAQ:CVGI):

Commercial Vehicle Group Announces Third Quarter 2017 Conference Call.

The company is trading up by 3.83%% since yesterday’s close of 8.35.

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..

Shares last traded at $8.67 quite a bit above $7.17, the stock’s 50 day moving average and well above the 200 day moving average of $7.76. The 50 day moving average was up $1.50 or +20.88% and the 200 day average went up by +11.76%.

The P/E ratio is 114.08 and market cap is 259.00M. In the last earnings report the EPS was $0.08 and is projected to be $0.36 for the current year with 29,873,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $0.14 and the next full year EPS is projected to be $0.83.

Short traders are more bullish on shares of Commercial Vehicle Group, Inc. as shown by the motion in short interest. The firm had a fall in short interest of -29.76% as of September 29, 2017 from the last reporting period. Short shares fell from 826,162 to 580,308 over that timeframe. With short interest at 580,308 and short average daily volume at 241,394, the short-interest ratio is 2.0 and the percentage of shorted shares is 0.02% as of September 29.