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

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

China Automotive Systems announced that its board has initiated a stock repurchase 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 often a sign that the company's board of directors believes its shares are undervalued.

China Automotive Systems, Inc. (NASDAQ:CAAS) announced its quarterly earnings data on Tuesday, November, 12th. The auto parts company reported $0.13 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.12. The auto parts company had revenue of $100.54 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the firm 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.

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 extremely negative this week, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. China Automotive Systems earned a media sentiment score of -4.9 on InfoTrie's scale. They also assigned media coverage about the auto parts company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the near term. View News Stories for China Automotive Systems.

China Automotive Systems saw a increase in short interest in the month of February. As of February 14th, there was short interest totalling 32,400 shares, an increase of 21.8% from the January 30th total of 26,600 shares. Based on an average daily trading volume, of 122,000 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.3% of the shares of the company are sold short. View China Automotive Systems' Current Options Chain.

Some companies that are related to China Automotive Systems include Commercial Vehicle Group (CVGI), Sorl Auto Parts (SORL), 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), 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 acquired 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 $2.04.

China Automotive Systems has a market capitalization of $64.06 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]