News stories about China Automotive Systems (NASDAQ:CAAS) have been trending somewhat positive on Wednesday, according to Accern Sentiment. Accern identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. China Automotive Systems earned a news impact score of 0.00 on Accern’s scale. Accern also gave media headlines about the auto parts company an impact score of 47.4904091752746 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
China Automotive Systems traded up $0.12, reaching $4.71, during trading on Wednesday, according to Marketbeat Ratings. The company’s stock had a trading volume of 293 shares, compared to its average volume of 16,471. The company has a market capitalization of $147.46 million, a P/E ratio of 7.36 and a beta of 2.10. China Automotive Systems has a 12 month low of $4.04 and a 12 month high of $5.90.
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China Automotive Systems (NASDAQ:CAAS) last posted its quarterly earnings data on Thursday, May 10th. The auto parts company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.04). The business had revenue of $134.02 million during the quarter, compared to the consensus estimate of $122.81 million. China Automotive Systems had a negative net margin of 4.03% and a positive return on equity of 5.83%. research analysts forecast that China Automotive Systems will post 0.69 earnings per share for the current fiscal year.
A number of research firms have issued reports on CAAS. ValuEngine raised shares of China Automotive Systems from a “hold” rating to a “buy” rating in a report on Thursday, May 17th. Zacks Investment Research downgraded shares of China Automotive Systems from a “hold” rating to a “strong sell” rating in a report on Thursday, April 5th.
China Automotive Systems Company Profile
China Automotive Systems, Inc, through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China. The company 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 systems and parts.