China Automotive Systems (NASDAQ:CAAS - Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, May 14th. China Automotive Systems has set its FY 2024 guidance at EPS.Persons interested in participating in the company's earnings conference call can do so using this link.
China Automotive Systems (NASDAQ:CAAS - Get Free Report) last announced its earnings results 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.
China Automotive Systems Price Performance
NASDAQ:CAAS traded up $0.06 during trading hours on Wednesday, reaching $3.54. 17,458 shares of the stock were exchanged, compared to its average volume of 41,346. China Automotive Systems has a twelve month low of $3.04 and a twelve month high of $5.73. The stock has a market cap of $106.87 million, a PE ratio of 2.83 and a beta of 2.47. The firm has a 50 day moving average of $3.48 and a 200 day moving average of $3.41.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of China Automotive Systems from a "buy" rating to a "strong-buy" rating in a research report on Friday, March 29th.
Read Our Latest Report on China Automotive Systems
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.
See Also
Before you consider China Automotive Systems, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and China Automotive Systems wasn't on the list.
While China Automotive Systems currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
