Somewhat Favorable Press Coverage Somewhat Unlikely to Impact China Automotive Systems (CAAS) Stock Price
Media headlines about China Automotive Systems (NASDAQ:CAAS) have trended somewhat positive on Wednesday, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. China Automotive Systems earned a news impact score of 0.03 on Accern’s scale. Accern also assigned press coverage about the auto parts company an impact score of 46.4060632546715 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
China Automotive Systems (NASDAQ:CAAS) traded up $0.01 during trading on Wednesday, hitting $5.01. 14,000 shares of the stock traded hands, compared to its average volume of 41,970. The company has a market capitalization of $158.54, a PE ratio of 6.34 and a beta of 2.40. China Automotive Systems has a twelve month low of $4.30 and a twelve month high of $7.96.
CAAS has been the subject of several recent analyst reports. ValuEngine upgraded shares of China Automotive Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, October 6th. Zacks Investment Research cut shares of China Automotive Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th.
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China Automotive Systems Company Profile
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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