Shares of China Automotive Systems, Inc. (NASDAQ:CAAS - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.15 and traded as high as $4.32. China Automotive Systems shares last traded at $4.23, with a volume of 17,291 shares.
Analyst Ratings Changes
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 Stock Analysis on CAAS
China Automotive Systems Trading Up 0.5%
The stock has a market cap of $127.32 million, a price-to-earnings ratio of 4.40 and a beta of 2.57. The firm's 50-day moving average is $4.06 and its two-hundred day moving average is $4.15.
China Automotive Systems (NASDAQ:CAAS - Get Free Report) last released its 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 net margin of 4.25% and a return on equity of 7.33%.
Institutional Trading of China Automotive Systems
Hedge funds and other institutional investors have recently modified their holdings of the stock. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of China Automotive Systems by 22.4% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 106,586 shares of the auto parts company's stock valued at $437,000 after purchasing an additional 19,484 shares during the period. Renaissance Technologies LLC boosted its holdings in 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 during the last quarter. Two Sigma Securities LLC purchased a new stake in shares of China Automotive Systems in the 4th quarter valued at approximately $86,000. Bridgeway Capital Management LLC grew 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 buying an additional 7,119 shares during the period. Finally, Virtu Financial LLC acquired a new stake in shares of China Automotive Systems during the 1st quarter worth approximately $57,000. 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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