Commercial Vehicle Group Inc. (CVGI) was one of the best performers amongst all companies listed in the services sector on the NYSE and NASDAQ exchanges during trading on September 21, climbing 4.6% to wrap the day at $5.69 after closing the day prior at $5.44. Throughout the trading session, shares of CVGI rose as high as $5.73 and dipped as low as $5.4. Today’s advance came with about 122,954 shares changing hands, compared to an average 30-day volume of 289,684 for Commercial Vehicle Group Inc.. The price is currently below the 30-day volume weighted average price of $5.64 for CVGI.
The share appreciation today gives the company a market capitalization of $166.57 million based upon 30.62 million shares outstanding. It also means that CVGI has a price-to-book ratio of 2.34:1.
In the past 52 weeks, shares of CVGI have traded as low as $2.021 and as high as $5.88. Technical traders will take note that at $5.69, shares of CVGI are trading above their 200-day MA at $3.5 and above their 50-day MA at $4.83. Technical analysts pay close attention to these key moving averages because they often serve as technical support and resistance levels and because a move through or holding above them is typically regarded as bullish.
Who is CVGI?
Commercial Vehicle Group Inc is a supplier of cab related products and systems for the commercial vehicle market, including the medium-and heavy-duty truck market, medium-and heavy-construction vehicle market, and military, bus, agriculture, among others. The company’s 6700 employees are led by CEO Patrick E. Miller from the corporate headquarters at 7800 Walton Parkway in New Albany, OH.
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