Commercial Vehicle Group (CVGI) Doubled in 6 Month: Will It Continue?

It is often prudent to look into stocks that have recorded significant gains over a sustained period of time and hence, it might be a good move to perhaps start tracking the Commercial Vehicle Group (NASDAQ: CVGI) stock.

Commercial Vehicle Group (CVGI) Doubled in 6 Month: Will It Continue?

The stock has performed admirably over the course of the past six months and during that period, it managed to record gains of as big as 100%. Last week the company announced its financial results for the fourth quarter and although it suffered a quarterly loss, the revenues managed to beat revenues estimates.

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The loss per share for the period came in at $0.05 a share, which is higher than the analysts’ estimate of $0.04 a share. In the year-ago period, Commercial Vehicle Group had suffered a loss per share of $0.24. On the other hand, the revenues for the period stood at $216 million, which was higher than analysts’ estimates by as much as 14.7%. In the same quarter last year, the company clocked revenues of $189.49 million.

Michael Rowels

Weekend Contributor. Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.