China Automotive Systems, Inc. (NASDAQ:CAAS - Get Free Report)'s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.17 and traded as high as $4.23. China Automotive Systems shares last traded at $4.11, with a volume of 37,730 shares trading hands.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded shares of China Automotive Systems from a "hold" rating to a "buy" rating in a research note on Monday, May 19th.
View Our Latest Stock Analysis on CAAS
China Automotive Systems Stock Down 1.5%
The company has a fifty day moving average of $4.19 and a two-hundred day moving average of $4.17. The stock has a market capitalization of $122.19 million, a price-to-earnings ratio of 4.22 and a beta of 2.58.
China Automotive Systems (NASDAQ:CAAS - Get Free Report) last released its quarterly earnings results on Wednesday, May 14th. The auto parts company reported $0.24 earnings per share (EPS) for the quarter. China Automotive Systems had a return on equity of 7.33% and a net margin of 4.25%.
Institutional Trading of China Automotive Systems
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CAAS. Two Sigma Securities LLC purchased a new stake in shares of China Automotive Systems during the 4th quarter worth about $86,000. Connor Clark & Lunn Investment Management Ltd. raised its position 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 in the last quarter. Renaissance Technologies LLC raised its position in shares of China Automotive Systems by 4.8% in the 4th quarter. Renaissance Technologies LLC now owns 420,994 shares of the auto parts company's stock valued at $1,726,000 after purchasing an additional 19,100 shares in the last quarter. Virtu Financial LLC bought a new stake in shares of China Automotive Systems in the 1st quarter valued at approximately $57,000. Finally, 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 buying an additional 12,402 shares during the last quarter. Hedge funds and other institutional investors own 5.17% of the company's stock.
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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