Shares of China Automotive Systems Inc. (NASDAQ:CAAS) rose 1.9% during mid-day trading on Wednesday . The stock traded as high as $3.85 and last traded at $3.78, with a volume of 118,454 shares trading hands. The stock had previously closed at $3.71.

The stock has a market cap of $120.98 million and a PE ratio of 5.48. The stock’s 50 day moving average is $3.52 and its 200 day moving average is $3.95.

China Automotive Systems (NASDAQ:CAAS) last announced its earnings results on Thursday, August 11th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.03. The business earned $101 million during the quarter, compared to analyst estimates of $107.58 million. During the same period in the previous year, the business earned $0.24 EPS. Equities research analysts predict that China Automotive Systems Inc. will post $0.64 EPS for the current year.

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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