China Automotive Systems, Inc. (NASDAQ:CAAS - Get Free Report) shares crossed 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.
Wall Street Analysts Forecast Growth
Separately, Wall Street Zen upgraded China Automotive Systems from a "hold" rating to a "buy" rating in a research report on Monday, May 19th.
Check Out Our Latest Stock Report on CAAS
China Automotive Systems Stock Up 0.7%
The stock has a fifty day moving average price of $4.13 and a two-hundred day moving average price of $4.14. The company has a market capitalization of $125.51 million, a price-to-earnings ratio of 4.33 and a beta of 2.51.
China Automotive Systems (NASDAQ:CAAS - Get Free Report) last announced its 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 Trading of China Automotive Systems
Several hedge funds and other institutional investors have recently bought and sold shares of CAAS. Empowered Funds LLC boosted its holdings in shares of China Automotive Systems by 8.6% in the 1st quarter. Empowered Funds LLC now owns 156,258 shares of the auto parts company's stock valued at $691,000 after purchasing an additional 12,402 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of China Automotive Systems during the first quarter worth $57,000. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in 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 worth $558,000 after acquiring an additional 19,694 shares during the last quarter. Bridgeway Capital Management LLC boosted 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 period. Finally, Two Sigma Securities LLC acquired a new position in China Automotive Systems in the fourth quarter valued at approximately $86,000. 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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