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.

China Automotive Systems updated its FY 2019 Pre-Market earnings guidance on Monday, November, 25th. The company provided EPS guidance of for the period. The company issued revenue guidance of $$430-430 million, compared to the consensus revenue estimate of $$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.

Media stories about CAAS stock have been trending negative on Saturday, InfoTrie reports. The research group rates the sentiment of media coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. China Automotive Systems earned a news impact score of -2.4 on InfoTrie's scale. They also gave media stories about the auto parts company a news buzz of 3.0 out of 10, meaning that recent media coverage is unlikely 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 decline in short interest in January. As of January 31st, there was short interest totalling 26,600 shares, a decline of 37.0% from the January 15th total of 42,200 shares. Based on an average daily volume of 119,600 shares, the days-to-cover ratio is presently 0.2 days. Currently, 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), Strattec Security (STRT), Sorl Auto Parts (SORL), 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 retail and institutional investors. Top institutional investors 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 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, Robinhood, Fidelity and Charles Schwab.

One share of CAAS stock can currently be purchased for approximately $2.15.

China Automotive Systems has a market capitalization of $67.52 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]