Seaport Global Downgrades Commercial Vehicle Group to Neutral

Brokerage firm Seaport Global Downgrades its rating on Commercial Vehicle Group(NASDAQ:CVGI). The shares have been rated Neutral. The rating by Seaport Global was issued on Jul 6, 2016.

In a different note, 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) shares turned negative on Mondays trading session with the shares closing down -0.3 points or -6.64% at a volume of 8,16,946. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $4.62. The peak price level was also seen at $4.62 while the days lowest was $4.15. Finally the shares closed at $4.22. The 52-week high of the shares is $6.59 while the 52-week low is $2.021. According to the latest information available, the market cap of the company is $129 M.

Commercial Vehicle Group(CVGI) last announced its earnings results on May 6, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $180.29M. Analysts had an estimated revenue of $165.30M. Earnings per share were $0.10. Analysts had estimated an EPS of $-0.09.

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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