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 $3.41 and traded as high as $3.74. China Automotive Systems shares last traded at $3.74, with a volume of 38,549 shares trading hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised China Automotive Systems from a "buy" rating to a "strong-buy" rating in a research note on Friday, March 29th.
Read Our Latest Report on China Automotive Systems
China Automotive Systems Trading Up 2.7 %
The firm has a 50 day moving average of $3.38 and a 200-day moving average of $3.41. The company has a market cap of $115.93 million, a P/E ratio of 3.07 and a beta of 2.45.
China Automotive Systems (NASDAQ:CAAS - Get Free Report) last released its quarterly earnings data on Thursday, March 28th. The auto parts company reported $0.36 earnings per share (EPS) for the quarter. China Automotive Systems had a return on equity of 10.84% and a net margin of 6.53%. The business had revenue of $159.16 million for the quarter.
Institutional Trading of China Automotive Systems
A number of large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its stake in China Automotive Systems by 10.7% in the 2nd quarter. Geode Capital Management LLC now owns 21,380 shares of the auto parts company's stock worth $105,000 after acquiring an additional 2,066 shares during the last quarter. Renaissance Technologies LLC increased its stake in China Automotive Systems by 0.9% in the 4th quarter. Renaissance Technologies LLC now owns 363,494 shares of the auto parts company's stock worth $2,108,000 after acquiring an additional 3,400 shares during the last quarter. UBS Group AG increased its stake in China Automotive Systems by 6.3% in the 3rd quarter. UBS Group AG now owns 64,953 shares of the auto parts company's stock worth $258,000 after acquiring an additional 3,865 shares during the last quarter. JPMorgan Chase & Co. purchased a new position in shares of China Automotive Systems in the 4th quarter worth approximately $31,000. Finally, Bridgeway Capital Management LLC boosted its holdings in shares of China Automotive Systems by 4.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 257,659 shares of the auto parts company's stock worth $832,000 after purchasing an additional 9,984 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 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 electronic and hydraulic power steering systems and parts.
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