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

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

China Automotive Systems declared that its Board of Directors has authorized a stock buyback plan on Friday, December 7th 2018, which authorizes the company to repurchase $5,000,000.00 in outstanding 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 usually a sign that the company's board of directors believes its shares are undervalued.

China Automotive Systems, Inc. (NASDAQ:CAAS) posted its quarterly earnings data on Tuesday, November, 12th. The auto parts company reported $0.13 EPS for the quarter, beating the Zacks' consensus estimate of $0.01 by $0.12. The auto parts company earned $100.54 million during the quarter, compared to analyst estimates of $104.41 million. China Automotive Systems had a net margin of 1.14% and a return on equity of 1.63%. During the same period last year, the firm earned $0.01 EPS. 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.

China Automotive Systems issued an update on its FY 2019 Pre-Market earnings guidance on Monday, November, 25th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $$430-430 million, compared to the consensus revenue estimate of $$430.58 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 headlines about CAAS stock have trended positive recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of news coverage by monitoring 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 closest to five being the most favorable. China Automotive Systems earned a coverage optimism score of 2.5 on InfoTrie's scale. They also assigned news headlines about the auto parts company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for China Automotive Systems.

China Automotive Systems saw a decrease in short interest in the month of December. As of December 31st, there was short interest totalling 42,200 shares, a decrease of 70.9% from the December 15th total of 144,900 shares. Based on an average daily volume of 114,900 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.4% of the shares of the stock are short sold. View China Automotive Systems' Current Options Chain.

Some companies that are related to China Automotive Systems include Lydall (LDL), Modine Manufacturing (MOD), Commercial Vehicle Group (CVGI), Sorl Auto Parts (SORL), Horizon Global (HZN), Superior Industries International (SUP), Strattec Security (STRT), Regency Affiliates (RAFI), China Zenix Auto International (ZXAIY), Adomani (ADOM), 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), Bank of America (BAC), Energy Transfer LP Unit (ET), Cypress Semiconductor (CY), Fossil Group (FOSL), Baidu (BIDU), Ciena (CIEN), Encana (ECA), AMC Entertainment (AMC) and Apollo Global Management (APO).

China Automotive Systems' stock is owned by a variety of of retail and institutional investors. Top institutional investors include 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.

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 $3.13.

China Automotive Systems has a market capitalization of $98.29 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]