NASDAQ:CAASChina Automotive Systems Stock Price, Forecast & News

China Automotive Systems' stock was trading at $1.7038 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CAAS shares have increased by 29.1% and is now trading at $2.20. View which stocks have been most impacted by Coronavirus.

China Automotive Systems is scheduled to release its next quarterly earnings announcement on Thursday, May 28th 2020. View our earnings forecast for China Automotive Systems.

China Automotive Systems, Inc. (NASDAQ:CAAS) issued its quarterly earnings results on Thursday, May, 14th. The auto parts company reported $0.06 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.02. The auto parts company had revenue of $115.90 million for the quarter. China Automotive Systems had a return on equity of 3.22% and a net margin of 2.30%. During the same quarter in the prior year, the firm earned ($0.09) earnings per share. View China Automotive Systems' earnings history.

China Automotive Systems announced that its Board of Directors has approved 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 purchase up to 6.5% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are undervalued.

China Automotive Systems updated its FY 2020 Pre-Market earnings guidance on Thursday, May, 14th. The company provided EPS guidance of for the period. The company issued revenue guidance of $360-360 million, compared to the consensus revenue estimate of $417.55 million.

News coverage about CAAS stock has been trending somewhat positive this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. China Automotive Systems earned a daily sentiment score of 1.5 on InfoTrie's scale. They also gave media coverage about the auto parts company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the company's share price in the near term. View the latest news aboutChina Automotive Systems.

China Automotive Systems saw a drop in short interest in May. As of May 15th, there was short interest totaling 11,200 shares, a drop of 7.4% from the April 30th total of 12,100 shares. Based on an average daily volume of 24,300 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the shares of the stock are sold short. View China Automotive Systems' Current Options Chain.

Some companies that are related to China Automotive Systems include Modine Manufacturing (MOD), Lydall (LDL), Cooper-Standard (CPS), Sorl Auto Parts (SORL), Commercial Vehicle Group (CVGI), Strattec Security (STRT), 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) and ATC Venture Group (ATCV). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other China Automotive Systems investors own include Intelsat (I), Fossil Group (FOSL), Bank of America (BAC), Cypress Semiconductor (CY), Energy Transfer LP Unit (ET), AMC Entertainment (AMC), Encana (ECA), Ciena (CIEN), Abercrombie & Fitch (ANF) and Apollo Global Management (APO).

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

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 $2.20.

China Automotive Systems has a market capitalization of $68.57 million and generates $431.43 million in revenue each year. The auto parts company earns $9.96 million in net income (profit) each year or $0.32 on an earnings per share basis. China Automotive Systems employs 4,039 workers across the globe.

The official website for China Automotive Systems is 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]