China Automotive Systems, Inc. (NASDAQ:CAAS - Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $4.20 and traded as high as $4.85. China Automotive Systems shares last traded at $4.71, with a volume of 22,128 shares changing hands.
China Automotive Systems Trading Down 0.6%
The firm's 50-day moving average price is $4.33 and its 200-day moving average price is $4.20. The stock has a market capitalization of $142.10 million, a PE ratio of 4.86 and a beta of 2.68.
China Automotive Systems (NASDAQ:CAAS - Get Free Report) last announced its quarterly earnings data on Wednesday, August 13th. The auto parts company reported $0.25 earnings per share (EPS) for the quarter. The business 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 Trading of China Automotive Systems
Several institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in shares of China Automotive Systems during the first quarter worth approximately $57,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of China Automotive Systems by 18.5% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 126,280 shares of the auto parts company's stock worth $558,000 after acquiring an additional 19,694 shares during the period. Empowered Funds LLC increased its position in shares of China Automotive Systems by 8.6% during the first quarter. Empowered Funds LLC now owns 156,258 shares of the auto parts company's stock worth $691,000 after acquiring an additional 12,402 shares during the period. Finally, Bridgeway Capital Management LLC increased its position in shares of China Automotive Systems by 2.9% during the second quarter. Bridgeway Capital Management LLC now owns 301,155 shares of the auto parts company's stock worth $1,229,000 after acquiring an additional 8,547 shares during the period. Institutional investors own 5.17% of the company's stock.
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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