China Automotive Systems, Inc. (NASDAQ:CAAS - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.17 and traded as high as $4.79. China Automotive Systems shares last traded at $4.59, with a volume of 69,108 shares changing hands.
China Automotive Systems Stock Performance
The company has a market capitalization of $151.45 million, a price-to-earnings ratio of 5.18 and a beta of 2.68. The firm has a 50-day simple moving average of $4.23 and a two-hundred day simple moving average of $4.17.
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 EPS for the quarter. China Automotive Systems had a return on equity of 7.39% and a net margin of 4.22%.The business had revenue of $176.24 million during the quarter. China Automotive Systems has set its FY 2025 guidance at EPS.
Institutional Investors Weigh In On China Automotive Systems
Several institutional investors have recently added to or reduced their stakes in CAAS. Virtu Financial LLC purchased a new stake in China Automotive Systems during the first quarter worth approximately $57,000. Connor Clark & Lunn Investment Management Ltd. increased its holdings 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 purchasing an additional 19,694 shares during the period. Empowered Funds LLC grew its holdings 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 worth $691,000 after acquiring an additional 12,402 shares during the period. Finally, Bridgeway Capital Management LLC grew its holdings in 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. Hedge funds and other 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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