China Automotive Systems Inc. (CAAS) Stock Price Up 1.9%
China Automotive Systems Inc. (NASDAQ:CAAS) rose 1.9% during 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 company has a market cap of $125.46 million and a price-to-earnings ratio of 5.68. The company’s 50 day moving average is $3.56 and its 200-day moving average is $3.94.
China Automotive Systems (NASDAQ:CAAS) last released its quarterly earnings data on Thursday, August 11th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.03. The company had revenue of $101 million for the quarter, compared to analyst estimates of $107.58 million. During the same period last year, the company posted $0.24 EPS. Equities analysts predict that China Automotive Systems Inc. will post $0.64 earnings per share for the current fiscal 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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