Media stories about China Automotive Systems (NASDAQ:CAAS) have been trending somewhat positive on Friday, Alpha One Sentiment reports. The research firm, a service of Accern, identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. China Automotive Systems earned a coverage optimism score of 0.21 on Alpha One’s scale. Alpha One also assigned news headlines about the auto parts company an impact score of 0 out of 100, meaning that recent news coverage is extremely unlikely to have an impact on the stock’s share price in the next few days.
CAAS has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of China Automotive Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, April 5th. ValuEngine raised shares of China Automotive Systems from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Finally, Greenridge Global raised shares of China Automotive Systems from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a research note on Wednesday, April 5th.
Shares of China Automotive Systems (NASDAQ:CAAS) traded up 1.4788% during trading on Friday, hitting $5.0232. 45,624 shares of the stock were exchanged. China Automotive Systems has a 12-month low of $3.10 and a 12-month high of $7.96. The stock’s 50 day moving average is $4.81 and its 200-day moving average is $5.11. The stock has a market cap of $158.95 million, a price-to-earnings ratio of 7.1760 and a beta of 2.53.
China Automotive Systems (NASDAQ:CAAS) last issued its quarterly earnings data on Thursday, May 11th. The auto parts company reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.01. China Automotive Systems had a return on equity of 7.61% and a net margin of 5.47%. The firm had revenue of $119.31 million during the quarter, compared to analyst estimates of $118.36 million. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Equities research analysts anticipate that China Automotive Systems will post $0.72 EPS for the current year.
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China Automotive Systems Company Profile
China Automotive Systems, Inc, (China Automotive) is a holding company. The Company, through its subsidiary, Great Genesis Holdings Limited (Genesis), owns interests in over eight Sino-joint ventures and over five subsidiaries in the People’s Republic of China (PRC), which manufacture power steering systems and/or related products for various segments of the automobile industry.
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