China Automotive Systems (NASDAQ:CAAS) Research Coverage Started at StockNews.com
StockNews.com assumed protection on shares of China Automotive Units (NASDAQ:CAAS – Get Ranking) in a report issued on Monday. The brokerage set a “buy” score on the automobile parts company’s stock.
Numerous other equities investigate analysts have also lately weighed in on the firm. Greenridge Worldwide lower their focus on value on China Automotive Programs from $7.00 to $6.00 and set a “buy” ranking for the corporation in a exploration note on Tuesday, Could 24th. Zacks Expenditure Study downgraded shares of China Automotive Techniques from a “hold” rating to a “sell” rating in a report on Tuesday, Could 24th.
Shares of CAAS inventory opened at $2.91 on Monday. The stock has a sector cap of $89.78 million, a P/E ratio of 11.64 and a beta of 2.66. The stock has a 50 working day straightforward transferring ordinary of $2.91 and a 200 day basic transferring typical of $2.83. China Automotive Techniques has a 1 12 months reduced of $2.20 and a 1 year superior of $5.49.
China Automotive Programs (NASDAQ:CAAS – Get Score) very last released its earnings outcomes on Wednesday, March 30th. The vehicle elements organization noted $.16 earnings per share for the quarter, topping the consensus estimate of $.06 by $.10. China Automotive Devices had a return on equity of 2.35{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} and a net margin of 1.55{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac}. The company had revenue of $138.80 million during the quarter, as opposed to analysts’ expectations of $126.10 million. All through the identical period in the prior calendar year, the firm attained $.01 earnings per share. On regular, equities investigation analysts forecast that China Automotive Techniques will article .05 earnings for each share for the present-day fiscal yr.
Quite a few significant investors have a short while ago produced alterations to their positions in CAAS. Millennium Management LLC obtained a new placement in shares of China Automotive Methods during the second quarter worthy of $292,000. Virtu Fiscal LLC obtained a new stake in China Automotive Methods in the fourth quarter valued at $56,000. Renaissance Technologies LLC enhanced its holdings in China Automotive Devices by 4.2{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} in the fourth quarter. Renaissance Technologies LLC now owns 499,794 shares of the car parts company’s stock valued at $1,339,000 right after paying for an further 20,300 shares throughout the period. Hanson & Doremus Financial commitment Administration greater its holdings in China Automotive Methods by 399.3{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} in the very first quarter. Hanson & Doremus Investment decision Administration now owns 24,164 shares of the automobile sections company’s stock valued at $74,000 following buying an further 19,324 shares all through the period of time. Finally, Citadel Advisors LLC amplified its holdings in China Automotive Programs by 66.7{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} in the fourth quarter. Citadel Advisors LLC now owns 36,508 shares of the auto parts company’s inventory valued at $98,000 just after paying for an additional 14,606 shares all through the interval. Institutional investors personal 3.38{7e44665ad31c7163a3225b5cdeca12ae8e1ba5a9651d05b2285576263eb8f3ac} of the company’s stock.
China Automotive Techniques Enterprise Profile (Get Rating)
China Automotive Programs, Inc, by way of its subsidiaries, manufactures and sells automotive units and factors in the People’s Republic of China. It makes rack and pinion electricity steering gears for automobiles and gentle-obligation automobiles integral electrical power steering gears for significant-responsibility motor vehicles power steering components for light-weight obligation cars sensor modules vehicle steering devices and columns and automobile digital and hydraulic electrical power steering devices and areas.
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