Revenue Update on Commercial Vehicle Group(NASDAQ:CVGI)

Commercial Vehicle Group(NASDAQ:CVGI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 3, 2016. Company reported revenue of $178.25M. Analysts estimated a revenue of $185.40M. Earnings per share were $0.10. Analysts had estimated an EPS of $0.02.

In a different note, On Jul 6, 2016, Seaport Global said it Downgrades its rating on Commercial Vehicle Group. The shares have been rated ‘Neutral’ by the firm. On May 17, 2016, Seaport Global said it Upgrades its rating on Commercial Vehicle Group. The shares have been rated ‘Buy’ by the firm.

Commercial Vehicle Group (CVGI) made into the market gainers list on Fridays trading session with the shares advancing 0.48% or 0.02 points. Due to strong positive momentum, the stock ended at $4.22, which is also near the day’s high of $4.3. The stock began the session at $4.19 and the volume stood at 2,51,529 shares. The 52-week high of the shares is $5.56 and the 52 week low is $2.021. The company has a current market capitalization of $129 M and it has 3,06,19,069 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 24, 2016, Arnold B Siemer (10% owner) purchased 643,300 shares at $2.48 per share price.

Commercial Vehicle Group Inc. (CVG) is a supplier of a range of cab related products and systems for the global commercial vehicle market including the medium-and heavy-duty truck (MD/HD Truck) market the medium-and heavy-construction vehicle market and the military bus agriculture specialty transportation mining industrial equipment and off-road recreational markets. 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 seats and seating systems; trim systems and components; cab structures sleeper boxes body panels and structural components and mirrors wipers and controls. The GCA Segment offers electronic wire harnesses and panel assemblies; seats and seating systems; office seating and wipers systems.

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