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China Automotive Systems (CAAS) Stock Price, News & Analysis

China Automotive Systems logo
$4.36 -0.02 (-0.46%)
(As of 05:37 PM ET)

About China Automotive Systems Stock (NASDAQ:CAAS)

Key Stats

Today's Range
$4.33
$4.44
50-Day Range
$3.69
$4.79
52-Week Range
$3.05
$4.97
Volume
26,038 shs
Average Volume
56,435 shs
Market Capitalization
$131.63 million
P/E Ratio
4.15
Dividend Yield
N/A
Price Target
N/A
Consensus Rating
N/A

Company Overview

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. The company also offers automotive motors and electromechanical integrated systems; polymer materials; and intelligent automotive technology research and development services. In addition, it provides after sales services, and research and development support services; and inspection and testing of automotive products, as well as markets automotive parts in North America. The company primarily sells its products to the original equipment manufacturing customers. China Automotive Systems, Inc. is headquartered in Jingzhou, the People's Republic of China.

China Automotive Systems Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
38th Percentile Overall Score

CAAS MarketRank™: 

China Automotive Systems scored higher than 38% of companies evaluated by MarketBeat, and ranked 69th out of 93 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    There is not enough analysis data for China Automotive Systems.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of China Automotive Systems is 4.15, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.62.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of China Automotive Systems is 4.15, which means that it is trading at a less expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 14.97.

  • Price to Book Value per Share Ratio

    China Automotive Systems has a P/B Ratio of 0.36. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    0.10% of the float of China Automotive Systems has been sold short.
  • Short Interest Ratio / Days to Cover

    China Automotive Systems has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in China Automotive Systems has recently increased by 0.94%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    China Automotive Systems does not currently pay a dividend.

  • Dividend Growth

    China Automotive Systems does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    0.10% of the float of China Automotive Systems has been sold short.
  • Short Interest Ratio / Days to Cover

    China Automotive Systems has a short interest ratio ("days to cover") of 0.2, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in China Automotive Systems has recently increased by 0.94%, indicating that investor sentiment is decreasing.
  • News Sentiment

    China Automotive Systems has a news sentiment score of 1.89. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.71 average news sentiment score of Auto/Tires/Trucks companies.
  • MarketBeat Follows

    Only 1 people have added China Automotive Systems to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, China Automotive Systems insiders have not sold or bought any company stock.

  • Percentage Held by Insiders

    64.73% of the stock of China Automotive Systems is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    Only 5.17% of the stock of China Automotive Systems is held by institutions.

  • Read more about China Automotive Systems' insider trading history.
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CAAS Stock News Headlines

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China Automotive Systems Sees Strong Sales Growth in Q3 2024
See More Headlines

CAAS Stock Analysis - Frequently Asked Questions

China Automotive Systems' stock was trading at $3.23 at the beginning of the year. Since then, CAAS shares have increased by 35.0% and is now trading at $4.36.
View the best growth stocks for 2024 here
.

China Automotive Systems, Inc. (NASDAQ:CAAS) issued its quarterly earnings results on Tuesday, May, 14th. The auto parts company reported $0.27 earnings per share for the quarter. The auto parts company had revenue of $139.39 million for the quarter. China Automotive Systems had a net margin of 5.12% and a trailing twelve-month return on equity of 8.22%.

China Automotive Systems' Board of Directors approved a stock buyback plan on Monday, November 18th 2024, which authorizes the company to repurchase $5,000,000 in outstanding shares, according to EventVestor. This means that the company could repurchase up to 3.6% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

China Automotive Systems' top institutional shareholders include Empowered Funds LLC (0.45%) and Connor Clark & Lunn Investment Management Ltd. (0.29%).
View institutional ownership trends
.

Shares of CAAS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that China Automotive Systems investors own include Advanced Micro Devices (AMD), NVIDIA (NVDA), Alibaba Group (BABA), Meta Platforms (META), Baidu (BIDU), NIO (NIO) and Palantir Technologies (PLTR).

Company Calendar

Last Earnings
5/14/2024
Today
12/04/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Motor vehicle parts & accessories
Sub-Industry
Automobiles And Trucks
Current Symbol
NASDAQ:CAAS
Employees
4,095
Year Founded
2003

Profitability

Net Income
$37.66 million
Pretax Margin
8.10%

Debt

Sales & Book Value

Annual Sales
$576.35 million
Cash Flow
$1.84 per share
Book Value
$12.19 per share

Miscellaneous

Free Float
10,647,000
Market Cap
$131.02 million
Optionable
Optionable
Beta
2.33

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This page (NASDAQ:CAAS) was last updated on 12/4/2024 by MarketBeat.com Staff
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