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 $3.41 and traded as high as $3.70. China Automotive Systems shares last traded at $3.53, with a volume of 32,626 shares trading hands.
Wall Street Analyst Weigh In
Separately, StockNews.com raised China Automotive Systems from a "buy" rating to a "strong-buy" rating in a report on Friday, March 29th.
Get Our Latest Report on China Automotive Systems
China Automotive Systems Price Performance
The stock has a market cap of $109.59 million, a PE ratio of 2.90 and a beta of 2.45. The business has a fifty day moving average of $3.44 and a 200 day moving average of $3.41.
China Automotive Systems (NASDAQ:CAAS - Get Free Report) last announced 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 firm had revenue of $159.16 million for the quarter.
Institutional Trading of China Automotive Systems
A hedge fund recently raised its stake in China Automotive Systems stock. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of China Automotive Systems, Inc. (NASDAQ:CAAS - Free Report) by 32.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 47,261 shares of the auto parts company's stock after purchasing an additional 11,655 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.16% of China Automotive Systems worth $184,000 as of its most recent filing with the Securities and Exchange Commission. 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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