According to Zacks, “China Automotive Systems is a holding company and has no significant business operations other than their interest in Genesis in which they manufacture power steering systems and other component parts for automobiles. “
China Automotive Systems (NASDAQ:CAAS) remained flat at $3.92 during midday trading on Monday. 302 shares of the company traded hands. The firm has a market cap of $125.46 million, a P/E ratio of 5.68 and a beta of 2.33. The company’s 50-day moving average price is $4.02 and its 200 day moving average price is $3.92. China Automotive Systems has a 52 week low of $3.10 and a 52 week high of $6.31.
China Automotive Systems (NASDAQ:CAAS) last announced its quarterly earnings data on Thursday, August 11th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.03. China Automotive Systems had a net margin of 5.19% and a return on equity of 7.20%. The firm earned $101 million during the quarter, compared to the consensus estimate of $107.58 million. During the same quarter in the prior year, the firm posted $0.24 earnings per share. On average, equities research analysts forecast that China Automotive Systems will post $0.64 EPS for the current year.
An institutional investor recently raised its position in China Automotive Systems stock. Hanson & Doremus Investment Management increased its stake in shares of China Automotive Systems Inc. (NASDAQ:CAAS) by 492.6% during the second quarter, according to its most recent filing with the SEC. The fund owned 67,525 shares of the company’s stock after buying an additional 56,130 shares during the period. Hanson & Doremus Investment Management owned approximately 0.21% of China Automotive Systems worth $218,000 as of its most recent SEC filing. 4.86% of the stock is currently owned by institutional investors and hedge funds.
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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