China Automotive Systems (NASDAQ:CAAS) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

China Automotive Systems, Inc. (NASDAQ:CAAS - Get Free Report) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $4.14 and traded as high as $4.19. China Automotive Systems shares last traded at $4.08, with a volume of 23,834 shares traded.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of China Automotive Systems from a "hold" rating to a "buy" rating in a research report on Monday, May 19th.

China Automotive Systems Price Performance

The firm's 50-day moving average is $4.10 and its two-hundred day moving average is $4.14. The company has a market cap of $123.09 million, a P/E ratio of 4.25 and a beta of 2.58.

China Automotive Systems (NASDAQ:CAAS - Get Free Report) last announced its quarterly earnings results on Wednesday, May 14th. The auto parts company reported $0.24 earnings per share for the quarter. China Automotive Systems had a net margin of 4.25% and a return on equity of 7.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CAAS. Virtu Financial LLC bought a new position in China Automotive Systems during the first quarter valued at $57,000. Two Sigma Securities LLC bought a new position in China Automotive Systems during the fourth quarter valued at $86,000. Connor Clark & Lunn Investment Management Ltd. increased its position in China Automotive Systems by 22.4% during 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 acquiring an additional 19,484 shares during the last quarter. Empowered Funds LLC increased its position in 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 valued at $691,000 after acquiring an additional 12,402 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its position in China Automotive Systems by 2.6% during 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. Institutional investors own 5.17% of the company's stock.

China Automotive Systems Company Profile

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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