China Automotive Systems, Inc. (NASDAQ:CAAS – Get Free Report)’s stock price was up 0.2% on Friday. The stock traded as high as $4.16 and last traded at $4.14. Approximately 11,690 shares changed hands during mid-day trading, a decline of 23% from the average session volume of 15,108 shares. The stock had previously closed at $4.13.
Analysts Set New Price Targets
Separately, Weiss Ratings upgraded shares of China Automotive Systems from a “buy (b-)” rating to a “buy (b)” rating in a report on Monday, September 28th. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat.com, China Automotive Systems presently has an average rating of “Buy”.
China Automotive Systems Price Performance
The stock has a 50 day moving average price of $4.77 and a 200-day moving average price of $4.53. The stock has a market capitalization of $124.90 million, a P/E ratio of 2.92 and a beta of 1.07.
China Automotive Systems (NASDAQ:CAAS – Get Free Report) last released its quarterly earnings results on Thursday, August 13th. The auto parts company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.42. The business had revenue of $206.23 million for the quarter, compared to the consensus estimate of $118.18 million.
About China Automotive Systems
China Automotive Systems, Inc (NASDAQ: CAAS) develops and manufactures automotive steering systems and components. Its products include hydraulic power steering systems, electric power steering systems, steering gears, steering columns, power steering pumps and related components.
The company supplies vehicle manufacturers and other automotive customers, primarily in China, and serves international markets through its export and global customer activities. Its products are used in passenger vehicles, commercial vehicles and other automotive applications.
China Automotive Systems was established in 2003 and is headquartered in Jingzhou, Hubei Province, China.
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