China Automotive Systems, Inc. (NASDAQ:CAAS - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.16 and traded as high as $4.28. China Automotive Systems shares last traded at $4.17, with a volume of 31,138 shares traded.
Analyst Upgrades and Downgrades
Separately, Wall Street Zen upgraded China Automotive Systems from a "hold" rating to a "buy" rating in a report on Monday, May 19th.
Check Out Our Latest Analysis on CAAS
China Automotive Systems Stock Performance
The business has a fifty day moving average of $4.19 and a 200-day moving average of $4.16. The company has a market capitalization of $129.13 million, a P/E ratio of 4.46 and a beta of 2.51.
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 7.33% and a net margin of 4.25%.
Hedge Funds Weigh In On China Automotive Systems
Hedge funds have recently bought and sold shares of the company. Virtu Financial LLC purchased a new position in China Automotive Systems during the 1st quarter worth $57,000. Two Sigma Securities LLC bought a new stake in shares of China Automotive Systems during the 4th quarter worth $86,000. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of 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 during the period. Empowered Funds LLC raised its stake in shares of 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 during the period. Finally, Bridgeway Capital Management LLC raised its stake in shares of 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 purchasing an additional 7,119 shares during the period. 5.17% of the stock is owned by hedge funds and other 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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