NASDAQ:CAAS - China Automotive Systems Stock Price, Forecast & News

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

China Automotive Systems declared that its board has initiated a share buyback plan on Friday, December 7th 2018, which authorizes the company to repurchase $5,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 6.5% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its stock is undervalued.

China Automotive Systems, Inc. (NASDAQ:CAAS) issued its quarterly earnings data on Tuesday, November, 12th. The auto parts company reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.01 by $0.12. The auto parts company earned $100.54 million during the quarter, compared to analysts' expectations of $104.41 million. China Automotive Systems had a return on equity of 1.63% and a net margin of 1.14%. During the same period last year, the company earned $0.01 earnings per share. View China Automotive Systems' Earnings History.

China Automotive Systems is scheduled to release their next quarterly earnings announcement on Thursday, March 26th 2020. View Earnings Estimates for China Automotive Systems.

China Automotive Systems updated its FY 2019 Pre-Market earnings guidance on Monday, November, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $$430-430 million, compared to the consensus revenue estimate of $$430.58 million.

1 Wall Street 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, resulting in a consensus recommendation of "Buy." View Analyst Ratings for China Automotive Systems.

News headlines about CAAS stock have been trending very negative recently, according to InfoTrie Sentiment. The research group ranks the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. China Automotive Systems earned a news sentiment score of -3.0 on InfoTrie's scale. They also gave news stories about the auto parts company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next several days. View News Stories for China Automotive Systems.

China Automotive Systems saw a decline in short interest in January. As of January 31st, there was short interest totalling 26,600 shares, a decline of 37.0% from the January 15th total of 42,200 shares. Based on an average trading volume of 119,600 shares, the short-interest ratio is presently 0.2 days. Approximately 0.2% of the company's shares are sold short. View China Automotive Systems' Current Options Chain.

Some companies that are related to China Automotive Systems include Commercial Vehicle Group (CVGI), Strattec Security (STRT), Sorl Auto Parts (SORL), Horizon Global (HZN), Superior Industries International (SUP), Regency Affiliates (RAFI), Adomani (ADOM), China Zenix Auto International (ZXAIY), Curaegis Technologies (CRGS), OmniTek Engineering (OMTK), Puradyn Filter Technologies (PFTI), ATC Venture Group (ATCV) and QF Liquidation (QTWWQ).

Based on aggregate information from My MarketBeat watchlists, some companies that other China Automotive Systems investors own include Intelsat (I), Energy Transfer LP Unit (ET), Bank of America (BAC), Cypress Semiconductor (CY), Fossil Group (FOSL), Baidu (BIDU), Ciena (CIEN), Encana (ECA), Builders FirstSource (BLDR) and AMC Entertainment (AMC).

China Automotive Systems' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Renaissance Technologies LLC (1.45%) and Hanson & Doremus Investment Management (0.14%). View Institutional Ownership Trends for China Automotive Systems.

CAAS stock was sold by a variety of institutional investors in the last quarter, including Hanson & Doremus Investment Management. View Insider Buying and Selling for China Automotive Systems.

CAAS stock was purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC. View Insider Buying and Selling for China Automotive Systems.

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

One share of CAAS stock can currently be purchased for approximately $2.15.

China Automotive Systems has a market capitalization of $67.52 million and generates $496.16 million in revenue each year. The auto parts company earns $2.38 million in net income (profit) each year or $0.08 on an earnings per share basis. China Automotive Systems employs 4,711 workers across the globe.View Additional Information About China Automotive Systems.

The official website for China Automotive Systems is http://www.caasauto.com/.

China Automotive Systems' mailing address is No. 1 Henglong Road Yu Qiao Development Zone, JingZhou F4, 434000. The auto parts company can be reached via phone at 86-71-6412-7912 or via email at [email protected]