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

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

China Automotive Systems announced that its board has initiated a share buyback plan on Friday, December 7th 2018, which allows the company to repurchase $5,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to purchase up to 6.5% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

China Automotive Systems, Inc. (NASDAQ:CAAS) released its quarterly earnings results on Thursday, August, 8th. The auto parts company reported $0.08 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.01 by $0.07. The auto parts company had revenue of $105.75 million for the quarter, compared to analyst estimates of $121.01 million. China Automotive Systems had a net margin of 0.26% and a return on equity of 0.37%. During the same period in the prior year, the firm posted $0.03 EPS. View China Automotive Systems' Earnings History.

China Automotive Systems is scheduled to release their next quarterly earnings announcement on Friday, November 8th 2019. View Earnings Estimates for China Automotive Systems.

China Automotive Systems issued an update on its FY 2019 earnings guidance on Thursday, August, 8th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $430-430 million, compared to the consensus revenue estimate of $487.05 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.

Headlines about CAAS stock have trended somewhat positive on Monday, according to InfoTrie Sentiment. The research firm ranks the sentiment of press coverage by reviewing 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 closest to five being the most favorable. China Automotive Systems earned a coverage optimism score of 0.8 on InfoTrie's scale. They also assigned media stories 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 next several days. View News Stories for China Automotive Systems.

China Automotive Systems saw a decline in short interest in September. As of September 30th, there was short interest totalling 13,400 shares, a decline of 30.2% from the August 30th total of 19,200 shares. Based on an average daily volume of 16,400 shares, the days-to-cover ratio is presently 0.8 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 Commercial Vehicle Group (CVGI), Horizon Global (HZN), Strattec Security (STRT), Superior Industries International (SUP), Sorl Auto Parts (SORL), Regency Affiliates (RAFI), China Zenix Auto International (ZXAIY), Adomani (ADOM), Curaegis Technologies (CRGS), Puradyn Filter Technologies (PFTI), OmniTek Engineering (OMTK), 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), Cypress Semiconductor (CY), Fossil Group (FOSL), Bank of America (BAC), SunCoke Energy Partners (SXCP), Associated British Foods (ABF), Chaarat Gold (CGH), tronc (TRNC), AMC Entertainment (AMC) and Ciena (CIEN).

China Automotive Systems' stock is owned by a number of of institutional and retail investors. Top institutional investors include Hanson & Doremus Investment Management (0.17%). 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.

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 $1.88.

China Automotive Systems has a market capitalization of $59.22 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]