China Automotive Systems (NASDAQ:CAAS - Get Free Report) posted its quarterly earnings results on Wednesday. The auto parts company reported $0.25 earnings per share (EPS) for the quarter, Zacks reports. The business had revenue of $176.24 million during the quarter. China Automotive Systems had a net margin of 4.25% and a return on equity of 7.33%. China Automotive Systems updated its FY 2025 guidance to EPS.
China Automotive Systems Stock Performance
Shares of NASDAQ CAAS traded up $0.02 during trading on Thursday, hitting $4.12. The company had a trading volume of 69,865 shares, compared to its average volume of 37,527. The stock has a 50 day simple moving average of $4.17 and a 200 day simple moving average of $4.17. The firm has a market capitalization of $124.30 million, a P/E ratio of 4.29 and a beta of 2.58. China Automotive Systems has a 12 month low of $3.42 and a 12 month high of $5.37.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded shares of China Automotive Systems from a "hold" rating to a "buy" rating in a report on Monday, May 19th.
Check Out Our Latest Research Report on CAAS
Hedge Funds Weigh In On China Automotive Systems
A hedge fund recently raised its stake in China Automotive Systems stock. Empowered Funds LLC grew its position in China Automotive Systems, Inc. (NASDAQ:CAAS - Free Report) by 8.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 156,258 shares of the auto parts company's stock after buying an additional 12,402 shares during the period. Empowered Funds LLC owned 0.52% of China Automotive Systems worth $691,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 5.17% of the company's stock.
China Automotive Systems Company Profile
(
Get Free Report)
China Automotive Systems, Inc, through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China, the United States, and internationally. It produces rack and pinion power steering gears for cars and light-duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light duty vehicles; sensor modules; automobile steering systems and columns; and automobile electronics and systems and parts.
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