China Automotive Systems, Inc. (NASDAQ:CAAS - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.17 and traded as high as $5.04. China Automotive Systems shares last traded at $4.91, with a volume of 32,517 shares trading hands.
China Automotive Systems Trading Down 1.8%
The business has a 50-day moving average price of $4.26 and a 200 day moving average price of $4.17. The stock has a market cap of $148.13 million, a PE ratio of 5.06 and a beta of 2.68.
China Automotive Systems (NASDAQ:CAAS - Get Free Report) last released its quarterly earnings results on Wednesday, August 13th. The auto parts company reported $0.25 EPS for the quarter. The firm had revenue of $176.24 million during the quarter. China Automotive Systems had a net margin of 4.22% and a return on equity of 7.39%. China Automotive Systems has set its FY 2025 guidance at EPS.
Institutional Investors Weigh In On China Automotive Systems
Large investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of China Automotive Systems by 18.5% in the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 126,280 shares of the auto parts company's stock valued at $558,000 after purchasing an additional 19,694 shares during the period. Virtu Financial LLC bought a new stake in China Automotive Systems in the first quarter worth $57,000. Bridgeway Capital Management LLC raised its stake in shares of China Automotive Systems by 2.9% in 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 during the last quarter. Finally, Empowered Funds LLC raised its stake in shares of 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 last quarter. 5.17% of the stock is currently owned by institutional investors.
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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