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

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

China Automotive Systems declared that its Board of Directors has approved a share buyback program 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 reacquire up to 6.5% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board believes its shares are undervalued.

China Automotive Systems, Inc. (NASDAQ:CAAS) posted its quarterly earnings data on Thursday, August, 8th. The auto parts company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.01 by $0.07. The auto parts company earned $105.75 million during 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 previous year, the firm earned $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 updated its FY 2019 earnings guidance on Thursday, August, 8th. 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 $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.

News coverage about CAAS stock has been trending negative recently, according to InfoTrie Sentiment Analysis. InfoTrie ranks the sentiment of press coverage by reviewing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. China Automotive Systems earned a daily sentiment score of -2.5 on InfoTrie's scale. They also assigned press coverage about the auto parts company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact 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 trading volume of 16,400 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.1% of the company's stock are sold short. View China Automotive Systems' Current Options Chain.

Some companies that are related to China Automotive Systems include Horizon Global (HZN), Superior Industries International (SUP), Strattec Security (STRT), 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 many different of retail and institutional 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 $1.90.

China Automotive Systems has a market capitalization of $59.85 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]