Shares of China Automotive Systems, Inc. (NASDAQ:CAAS - Get Free Report) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.17 and traded as high as $4.48. China Automotive Systems shares last traded at $4.46, with a volume of 109,261 shares traded.
Wall Street Analyst Weigh In
Separately, Wall Street Zen raised China Automotive Systems from a "hold" rating to a "buy" rating in a report on Monday, May 19th.
Read Our Latest Report on CAAS
China Automotive Systems Stock Performance
The company has a market cap of $139.69 million, a P/E ratio of 4.77 and a beta of 2.68. The firm's 50-day simple moving average is $4.17 and its 200 day simple moving average is $4.17.
China Automotive Systems (NASDAQ:CAAS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The auto parts company reported $0.25 EPS for the quarter. China Automotive Systems had a return on equity of 7.39% and a net margin of 4.22%.The business had revenue of $176.24 million during the quarter. China Automotive Systems has set its FY 2025 guidance at EPS.
Institutional Trading of China Automotive Systems
Hedge funds have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. boosted its stake in China Automotive Systems by 18.5% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 126,280 shares of the auto parts company's stock worth $558,000 after acquiring an additional 19,694 shares during the last quarter. Virtu Financial LLC acquired a new stake in China Automotive Systems in the first quarter worth $57,000. Empowered Funds LLC raised its holdings in China Automotive Systems by 8.6% in the first quarter. Empowered Funds LLC now owns 156,258 shares of the auto parts company's stock worth $691,000 after purchasing an additional 12,402 shares during the period. Finally, Bridgeway Capital Management LLC boosted its position in shares of China Automotive Systems by 2.9% during the second quarter. Bridgeway Capital Management LLC now owns 301,155 shares of the auto parts company's stock worth $1,229,000 after purchasing an additional 8,547 shares in the last quarter. 5.17% of the stock is currently owned by institutional investors and hedge funds.
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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