The stock last traded at $8.12 which is marginally over $7.41, the stock’s 50 day moving average and marginally over the 200 day moving average of $7.80. The 50 day moving average was up by +9.65% whereas the 200 day average was up by +4.11%. (NASDAQ:CVGI) shares saw light trading volume with 137K shares changing hands on Tuesday. Shares saw a steep decrease in trading volume of 9.14% under the normal average daily volume.
Traders are a little more bullish on shares of the company recently if you take note of the fall in short interest. The firm recorded a fall in short interest of -2.06% between September 29, 2017 and October 13, 2017. Short interest fell from 580,308 to 568,330 over that period. Days to cover increased from 2.0 to 5.0 and the percentage of shorted shares was 0.02% on October 13.
Here are a few substantial investment firms who have updated their positions. Cutler Group LP grew its investment by buying 5,400 shares an increase of 68.4% in the quarter. Cutler Group LP currently owns 13,300 shares worth $5,000. The total value of its holdings increased 25.0%. First Manhattan Co cut its holdings by selling 2,450 shares a decrease of 0.7% as of 09/30/2017. First Manhattan Co claims 352,818 shares with a value of $2,593,000. The value of the position overall is down by 13.6%.
As of the end of the quarter First Trust Advisors Lp had bought 1,515 shares growing its position 7.7%. The value of the investment in (CVGI) decreased from $166,000 to $156,000 decreasing 6.0% since the last quarter. Nationwide Fund Advisors expanded its ownership by buying 43,873 shares an increase of 223.9% from 06/30/2017 to 09/30/2017. Nationwide Fund Advisors now controls 63,467 shares valued at $466,000. The value of the position overall is up by 180.7%.
The P/E ratio is 106.84 and market cap is 242.57M. In the latest earnings report the EPS was $0.08 and is expected to be $0.36 for the current year with 29,873,000 shares now outstanding. Next quarter’s EPS is estimated at $0.14 with next year’s EPS projected 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..