Commercial Vehicle Group Inc. (CVGI, Financial) recently experienced a notable fluctuation in its stock price, dropping 5.07%. The stock is currently priced at $2.60 per share, with a trading volume of 233,778 shares, a turnover rate of 0.68%, and an amplitude of 5.43%.
The latest financial report reveals that CVGI achieved a revenue of $172 million, but recorded a net loss of $883,000. Earnings per share stand at $0.28, with a gross profit of $21.16 million and a price-to-earnings (P/E) ratio of 2.55. No institutional ratings such as "buy," "hold," or "sell" have been provided for CVGI as yet.
In the broader automotive parts industry, there was an overall increase of 1.22%. Significant gains were seen in stocks like Innoviz Technologies Ltd and Mobileye Global Inc, while Luminar Technologies, Inc. and Noco-Noco Inc. showed notable activity. Noco Noco Inc C/Wts and Innoviz Technologies Ltd also recorded large fluctuations, with amplitudes of 35.63% and 30.91%, respectively.
Commercial Vehicle Group is a notable supplier of taxi-related products and systems, operating in areas such as vehicle solutions, industrial automation, electrical systems, and aftermarket parts. The vehicle solutions segment, which contributes significantly to the company's revenue, focuses on designing, manufacturing, and selling seating and plastic components for commercial vehicles. The company also engages in warehouse automation and high and low voltage cable systems.
