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

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 repurchase plan on Friday, December 7th 2018, which permits the company to repurchase $5,000,000.00 in shares, according to EventVestor. This repurchase authorization permits 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 management believes its stock is undervalued.

China Automotive Systems, Inc. (NASDAQ:CAAS) released its quarterly earnings data on Thursday, August, 8th. The auto parts company reported $0.08 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 return on equity of 0.37% and a net margin of 0.26%. During the same quarter in the prior 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 issued an update on 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 stories about CAAS stock have trended positive this week, according to InfoTrie. The research group scores the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, 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 media stories about the auto parts company a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely 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 increase in short interest during the month of July. As of July 31st, there was short interest totalling 19,300 shares, an increase of 739.1% from the June 30th total of 2,300 shares. Based on an average daily trading volume, of 13,100 shares, the short-interest ratio is currently 1.5 days. Approximately 0.2% of the shares of the company are short sold. 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), Curaegis Technologies (CRGS), Adomani (ADOM), Puradyn Filter Technologies (PFTI), OmniTek Engineering (OMTK), ATC Venture Group (ATCV), China Zenix Auto International (ZXAIY) 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 shareholders include Renaissance Technologies LLC (1.07%). View Institutional Ownership Trends 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, Scottrade, Fidelity and Charles Schwab.

One share of CAAS stock can currently be purchased for approximately $1.87.

China Automotive Systems has a market capitalization of $58.91 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]