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S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
Stock market today: Global shares trade mixed following technology selloff on Wall Street
New "Mined in America" Lithium Opportunities? (Ad)
10 Best Airline Stocks to Buy
What is a Growth Stock Mutual Fund?
New "Mined in America" Lithium Opportunities? (Ad)
Ollie’s Bargain Outlet Goes On Sale 
Will MicroVision Maintain Its Momentum After the Short Squeeze?
Graphite Shortage Could Derail the $7 Trillion EV Transition (Ad)
Apple Partnership Strengthens Unity Software's Investment Appeal
Campbell Soup Company Leads Staples Stocks Into The Buy Zone
S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
Stock market today: Global shares trade mixed following technology selloff on Wall Street
New "Mined in America" Lithium Opportunities? (Ad)
10 Best Airline Stocks to Buy
What is a Growth Stock Mutual Fund?
New "Mined in America" Lithium Opportunities? (Ad)
Ollie’s Bargain Outlet Goes On Sale 
Will MicroVision Maintain Its Momentum After the Short Squeeze?
Graphite Shortage Could Derail the $7 Trillion EV Transition (Ad)
Apple Partnership Strengthens Unity Software's Investment Appeal
Campbell Soup Company Leads Staples Stocks Into The Buy Zone
S&P 500   4,267.52
DOW   33,665.02
QQQ   348.82
Stock market today: Global shares trade mixed following technology selloff on Wall Street
New "Mined in America" Lithium Opportunities? (Ad)
10 Best Airline Stocks to Buy
What is a Growth Stock Mutual Fund?
New "Mined in America" Lithium Opportunities? (Ad)
Ollie’s Bargain Outlet Goes On Sale 
Will MicroVision Maintain Its Momentum After the Short Squeeze?
Graphite Shortage Could Derail the $7 Trillion EV Transition (Ad)
Apple Partnership Strengthens Unity Software's Investment Appeal
Campbell Soup Company Leads Staples Stocks Into The Buy Zone
NASDAQ:CAAS

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

$4.75
-0.11 (-2.26%)
(As of 06/7/2023 ET)
Compare
Today's Range
$4.58
$4.89
50-Day Range
$4.34
$5.51
52-Week Range
$2.61
$9.70
Volume
53,846 shs
Average Volume
90,299 shs
Market Capitalization
$143.40 million
P/E Ratio
5.16
Dividend Yield
N/A
Price Target
N/A

CAAS stock logo

About China Automotive Systems (NASDAQ:CAAS) Stock

China Automotive Systems, Inc. is a holding company, which engages in the manufacture and sale of automotive products, through its subsidiaries. It operates through the following geographical segments: Henglong, Jiulong, Shenyang, Wuhu, Hubei Henglong, Henglong KYB, and Other Entities. It also supplies power steering systems and component. The company was founded on June 29, 1999 and is headquartered in Wuhan, China.

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CAAS Stock News Headlines

Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.
The Real Problem With "Made in America" Lithium
Politicians love to say they support "Made in America" when it comes to manufacturing. But when it comes to lithium - the metal fueling our transition to electric vehicles - it's not that simple.
See More Headlines

CAAS Price History

CAAS Company Calendar

Last Earnings
5/12/2023
Today
6/07/2023
Next Earnings (Estimated)
8/11/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Motor vehicle parts & accessories
Sub-Industry
N/A
Current Symbol
NASDAQ:CAAS
Employees
4,093
Year Founded
2003

Profitability

Net Income
$21.18 million
Pretax Margin
5.23%

Debt

Sales & Book Value

Annual Sales
$529.55 million
Cash Flow
$1.49 per share
Book Value
$10.66 per share

Miscellaneous

Free Float
10,927,000
Market Cap
$143.40 million
Optionable
Optionable
Beta
2.41

Social Links


Key Executives

  • Qi Zhou Wu
    Chief Executive Officer & Director
  • Jie Li
    Chief Financial Officer
  • Yie Wong Tse
    Senior Vice President
  • Yi Jun Xia
    Vice President
  • Hai Mian Cai
    Vice President













CAAS Stock - Frequently Asked Questions

Should I buy or sell China Automotive Systems stock right now?

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for China Automotive Systems in the last year. There are currently 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "buy" CAAS shares.
View CAAS analyst ratings
or view top-rated stocks.

How have CAAS shares performed in 2023?

China Automotive Systems' stock was trading at $5.80 on January 1st, 2023. Since then, CAAS shares have decreased by 18.1% and is now trading at $4.75.
View the best growth stocks for 2023 here
.

Are investors shorting China Automotive Systems?

China Automotive Systems saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 139,700 shares, an increase of 34.8% from the April 30th total of 103,600 shares. Based on an average daily trading volume, of 129,200 shares, the days-to-cover ratio is currently 1.1 days. Approximately 1.3% of the company's stock are short sold.
View China Automotive Systems' Short Interest
.

When is China Automotive Systems' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Friday, August 11th 2023.
View our CAAS earnings forecast
.

How were China Automotive Systems' earnings last quarter?

China Automotive Systems, Inc. (NASDAQ:CAAS) announced its quarterly earnings data on Friday, May, 12th. The auto parts company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.11. The auto parts company earned $142.24 million during the quarter, compared to the consensus estimate of $142.67 million. China Automotive Systems had a net margin of 5.23% and a trailing twelve-month return on equity of 8.54%.

What ETFs hold China Automotive Systems' stock?

ETFs with the largest weight of China Automotive Systems (NASDAQ:CAAS) stock in their portfolio include AdvisorShares Dorsey Wright Micro-Cap ETF (DWMC), Invesco Golden Dragon China ETF (PGJ),

What guidance has China Automotive Systems issued on next quarter's earnings?

China Automotive Systems updated its FY 2023 earnings guidance on Friday, May, 26th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $560.00 million-$560.00 million, compared to the consensus revenue estimate of $566.71 million.

What is Hanlin Chen's approval rating as China Automotive Systems' CEO?

1 employees have rated China Automotive Systems Chief Executive Officer Hanlin Chen on Glassdoor.com. Hanlin Chen has an approval rating of 100% among the company's employees. This puts Hanlin Chen in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of China Automotive Systems own?

Based on aggregate information from My MarketBeat watchlists, some companies that other China Automotive Systems investors own include Intelsat (I), Fossil Group (FOSL), Ciena (CIEN), Energy Transfer (ET), Pfizer (PFE), AMC Entertainment (AMC), Bank of America (BAC), Cypress Semiconductor (CY), Advanced Micro Devices (AMD) and Apollo Global Management (APO).

What is China Automotive Systems' stock symbol?

China Automotive Systems trades on the NASDAQ under the ticker symbol "CAAS."

Who are China Automotive Systems' major shareholders?

China Automotive Systems' stock is owned by a variety of retail and institutional investors. Top institutional investors include Renaissance Technologies LLC (1.58%), Two Sigma Investments LP (0.23%), O Shaughnessy Asset Management LLC (0.22%), Susquehanna International Group LLP (0.00%), Two Sigma Advisers LP (0.10%) and Jane Street Group LLC (0.06%).
View institutional ownership trends
.

How do I buy shares of China Automotive Systems?

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

What is China Automotive Systems' stock price today?

One share of CAAS stock can currently be purchased for approximately $4.75.

How much money does China Automotive Systems make?

China Automotive Systems (NASDAQ:CAAS) has a market capitalization of $143.40 million and generates $529.55 million in revenue each year. The auto parts company earns $21.18 million in net income (profit) each year or $0.92 on an earnings per share basis.

How many employees does China Automotive Systems have?

The company employs 4,093 workers across the globe.

How can I contact China Automotive Systems?

China Automotive Systems' mailing address is No. 1 Henglong Road Yu Qiao Development Zone, JingZhou F4, 434000. The official website for the company is www.caasauto.com. The auto parts company can be reached via phone at 862787570027, via email at caas@compassbell.com, or via fax at 86-71-6832-9298.

This page (NASDAQ:CAAS) was last updated on 6/8/2023 by MarketBeat.com Staff

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