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 of Directors has initiated a stock repurchase plan on Friday, December 7th 2018, which allows the company to buyback $5,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to repurchase up to 6.5% of its stock through open market purchases. Stock buyback plans are often a sign that the company's management believes its shares are undervalued.

China Automotive Systems, Inc. (NASDAQ:CAAS) posted its earnings results on Tuesday, November, 12th. The auto parts company reported $0.13 earnings per share for the quarter, topping analysts' consensus estimates of $0.01 by $0.12. The auto parts company earned $100.54 million during the quarter, compared to the consensus estimate 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 company 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 updated 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 articles about CAAS stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. China Automotive Systems earned a news impact score of -1.4 on InfoTrie's scale. They also assigned media headlines about the auto parts company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for China Automotive Systems.

China Automotive Systems saw a decline in short interest in the month of January. As of January 15th, there was short interest totalling 42,200 shares, a decline of 70.9% from the December 31st total of 144,900 shares. Based on an average trading volume of 116,700 shares, the short-interest ratio is currently 0.4 days. Approximately 0.4% 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 Modine Manufacturing (MOD), Commercial Vehicle Group (CVGI), Superior Industries International (SUP), Sorl Auto Parts (SORL), Horizon Global (HZN), 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), 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 many different of institutional and retail 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 $3.02.

China Automotive Systems has a market capitalization of $94.83 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]