China Automotive Systems, Inc. (NASDAQ:CAAS - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.16 and traded as high as $4.35. China Automotive Systems shares last traded at $4.30, with a volume of 41,144 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen raised China Automotive Systems from a "hold" rating to a "buy" rating in a research note on Monday, May 19th.
View Our Latest Stock Report on CAAS
China Automotive Systems Price Performance
The stock has a 50 day moving average price of $3.98 and a two-hundred day moving average price of $4.16. The firm has a market capitalization of $130.34 million, a price-to-earnings ratio of 4.11 and a beta of 2.57.
China Automotive Systems (NASDAQ:CAAS - Get Free Report) last issued its quarterly earnings data on Wednesday, May 14th. The auto parts company reported $0.24 earnings per share for the quarter. China Automotive Systems had a return on equity of 8.22% and a net margin of 5.12%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC grew its stake in China Automotive Systems by 8.6% during the 1st 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 in the last quarter. Virtu Financial LLC acquired a new position in China Automotive Systems during the 1st quarter worth $57,000. Connor Clark & Lunn Investment Management Ltd. grew 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 purchasing an additional 19,694 shares in the last quarter. Bridgeway Capital Management LLC lifted its holdings in China Automotive Systems by 2.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 280,206 shares of the auto parts company's stock worth $1,149,000 after buying an additional 7,119 shares during the last quarter. Finally, Two Sigma Securities LLC purchased a new stake in China Automotive Systems during the 4th quarter worth about $86,000. 5.17% of the stock is owned by institutional investors and hedge funds.
About China Automotive Systems
(
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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