Stock Rating Downgrade
The Value Trend Rating for Commercial Vehicle Group Inc (NASDAQ: CVGI) weakened recently from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
Commercial Vehicle Group Inc (NASDAQ: CVGI) stock closed at $6.40 on 4/8/24 after a modest gain of 0.8%. However, unusually low trading volume at 58% of normal accompanied the advance. The stock has been extremely weak relative to the market over the last nine months and is unchanged during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CVGI is expected to continue to be an important Value Builder.
Commercial Vehicle Group has a current Value Trend Rating of D (Negative). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Commercial Vehicle Group has a slightly positive Appreciation Score of 68 but a poor Power Rating of 15, triggering the Negative Value Trend Rating.
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