Media headlines about China Automotive Systems (NASDAQ:CAAS) have been trending somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. China Automotive Systems earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned media headlines about the auto parts company an impact score of 45.9087986066901 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Several equities analysts have commented on the company. Zacks Investment Research downgraded China Automotive Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday. ValuEngine cut China Automotive Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 22nd.
China Automotive Systems (CAAS) traded up 1.6386% during midday trading on Friday, hitting $5.3157. The stock had a trading volume of 43,150 shares. China Automotive Systems has a 1-year low of $3.72 and a 1-year high of $7.96. The firm has a 50-day moving average price of $5.36 and a 200-day moving average price of $5.01. The firm has a market capitalization of $168.21 million, a price-to-earnings ratio of 6.4826 and a beta of 2.19.
China Automotive Systems (NASDAQ:CAAS) last released its earnings results on Thursday, August 10th. The auto parts company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.14. The firm had revenue of $117.66 million during the quarter, compared to the consensus estimate of $106.74 million. China Automotive Systems had a return on equity of 8.30% and a net margin of 5.43%. During the same period in the prior year, the company posted $0.14 EPS. On average, equities research analysts anticipate that China Automotive Systems will post $0.86 earnings per share for the current year.
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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