China Automotive Systems, Inc. (NASDAQ:CAAS - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $4.15 and traded as high as $4.36. China Automotive Systems shares last traded at $4.36, with a volume of 18,423 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded China Automotive Systems from a "hold" rating to a "buy" rating in a research report on Monday, May 19th.
Get Our Latest Analysis on CAAS
China Automotive Systems Stock Performance
The company's fifty day moving average price is $4.18 and its two-hundred day moving average price is $4.16. The firm has a market capitalization of $127.32 million, a PE ratio of 4.40 and a beta of 2.51.
China Automotive Systems (NASDAQ:CAAS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The auto parts company reported $0.24 earnings per share for the quarter. China Automotive Systems had a net margin of 4.25% and a return on equity of 7.33%.
Institutional Trading of China Automotive Systems
Institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC lifted its position in China Automotive Systems by 4.8% during the fourth quarter. Renaissance Technologies LLC now owns 420,994 shares of the auto parts company's stock valued at $1,726,000 after buying an additional 19,100 shares in the last quarter. Bridgeway Capital Management LLC raised its stake in shares of China Automotive Systems by 2.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 280,206 shares of the auto parts company's stock valued at $1,149,000 after acquiring an additional 7,119 shares during the period. Empowered Funds LLC raised its stake in shares of China Automotive Systems by 8.6% in the 1st quarter. Empowered Funds LLC now owns 156,258 shares of the auto parts company's stock valued at $691,000 after acquiring an additional 12,402 shares during the period. Connor Clark & Lunn Investment Management Ltd. raised 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 acquiring an additional 19,694 shares during the period. Finally, Two Sigma Securities LLC purchased a new position in shares of China Automotive Systems in the 4th quarter valued at $86,000. Hedge funds and other institutional investors own 5.17% of the company's stock.
About China Automotive Systems
(
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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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