The stock of China Automotive Systems Inc. (NASDAQ:CAAS) last traded at $6.70, up 6.35% from the previous session.
Data from the available sources indicates that China Automotive Systems Inc. (NASDAQ:CAAS) is covered by 1 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $7.50 and a low of $7.50, we find $7.50. Given the previous closing price of $6.30, this indicates a potential upside of 19.05 percent. CAAS stock price is now 19.23% away from the 50-day moving average and 73.56% away from the 200-day moving average. The market capitalization of the company currently stands at $203.01M.
In total, 1 analysts have assigned it a hold rating, and 0 have given it a buy rating. Brokers who have rated the stock have averaged $7.50 as their price target over the next twelve months.
, while ‘Oppenheimer’ rates the stock as ‘Outperform’.
A total of 65.18% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in CAAS stock. A new stake in China Automotive Systems Inc. shares was purchased by MARSHALL WACE, LLP during the first quarter worth $325,000. ADVISOR GROUP HOLDINGS, INC. invested $82,000 in shares of CAAS during the first quarter. In total, there are 19 active investors with 3.10% ownership of the company’s stock.
With an opening price of $6.34 on Tuesday morning, China Automotive Systems Inc. (NASDAQ: CAAS) set off the trading day. During the past 12 months, China Automotive Systems Inc. has had a low of $2.20 and a high of $8.13. As of last week, the company has a debt-to-equity ratio of 0.37, a current ratio of 1.50, and a quick ratio of 1.10. The fifty day moving average price for CAAS is $5.67 and a two-hundred day moving average price translates $3.88 for the stock.
The latest earnings results from China Automotive Systems Inc. (NASDAQ: CAAS) was released for Jun, 2022. According to the Auto Parts Company, earnings per share came in at $0.31, beating analysts’ expectations of -$0.05 by 0.36. This compares to -$0.01 EPS in the same period last year. The net profit margin was 4.00% and return on equity was 6.90% for CAAS. The company reported revenue of $137.21 million for the quarter, compared to $108.23 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 26.77 percent. For the current quarter, analysts expect CAAS to generate $120.56M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/28/2014. Investors who held shares on 06/26/2014 were paid a $0.18 dividend.
China Automotive Systems Inc.(CAAS) Company Profile
China Automotive Systems, Inc., through its subsidiaries, manufactures and sells automotive systems and components in the People’s Republic of China. It produces rack and pinion power steering gears for cars and light-duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light duty vehicles; sensor modules; automobile steering systems and columns; and automobile electronic and hydraulic power steering systems and parts. The company also offers automotive motors and electromechanical integrated systems; polymer materials; and intelligent automotive technology research and development services. In addition, it provides after sales services, and research and development support services, as well as markets automotive parts in North America and Brazil. The company primarily sells its products to the original equipment manufacturing customers. China Automotive Systems, Inc. was incorporated in 1999 and is headquartered in Jingzhou, the People’s Republic of China.