China Automotive Systems, Inc. (NASDAQ:CAAS - Get Free Report) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.21 and traded as high as $4.24. China Automotive Systems shares last traded at $4.09, with a volume of 36,246 shares.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on shares of China Automotive Systems in a research note on Friday, April 11th. They set a "hold" rating for the company.
Check Out Our Latest Report on China Automotive Systems
China Automotive Systems Price Performance
The company's 50 day simple moving average is $4.09 and its two-hundred day simple moving average is $4.21. The stock has a market capitalization of $124.30 million, a P/E ratio of 3.92 and a beta of 2.61.
China Automotive Systems (NASDAQ:CAAS - Get Free Report) last released its earnings results on Friday, March 28th. The auto parts company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.16 by $0.14. The company had revenue of $188.70 million during the quarter, compared to analysts' expectations of $147.52 million. China Automotive Systems had a return on equity of 8.22% and a net margin of 5.12%.
Hedge Funds Weigh In On China Automotive Systems
A number of large investors have recently added to or reduced their stakes in CAAS. Virtu Financial LLC acquired a new position in shares of China Automotive Systems during the 1st quarter worth approximately $57,000. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of China Automotive Systems by 18.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 126,280 shares of the auto parts company's stock valued at $558,000 after buying an additional 19,694 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in China Automotive Systems by 2.6% in the fourth 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 last quarter. Two Sigma Securities LLC bought a new stake in China Automotive Systems during the fourth quarter worth $86,000. Finally, Renaissance Technologies LLC raised its stake 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 worth $1,726,000 after acquiring an additional 19,100 shares in the last quarter. 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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