China Automotive Systems, Inc. (CAAS) CFO Jie Li Purchases 10,000 Shares
China Automotive Systems, Inc. (NASDAQ:CAAS) CFO Jie Li acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 19th. The shares were purchased at an average cost of $2.09 per share, with a total value of $20,900.00. Following the completion of the acquisition, the chief financial officer now owns 107,497 shares in the company, valued at approximately $224,668.73. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Jie Li also recently made the following trade(s):
- On Thursday, November 15th, Jie Li acquired 10,000 shares of China Automotive Systems stock. The shares were purchased at an average cost of $2.12 per share, with a total value of $21,200.00.
- On Tuesday, November 13th, Jie Li acquired 3,000 shares of China Automotive Systems stock. The shares were purchased at an average cost of $2.07 per share, with a total value of $6,210.00.
NASDAQ:CAAS traded up $0.01 during trading hours on Tuesday, hitting $2.08. 2,110 shares of the company traded hands, compared to its average volume of 38,685. The stock has a market cap of $65.50 million, a P/E ratio of 3.24 and a beta of 1.96. China Automotive Systems, Inc. has a twelve month low of $2.00 and a twelve month high of $5.23.
Several analysts recently issued reports on the stock. ValuEngine raised shares of China Automotive Systems from a “hold” rating to a “buy” rating in a report on Tuesday, August 28th. Zacks Investment Research downgraded shares of China Automotive Systems from a “hold” rating to a “sell” rating in a report on Wednesday, August 22nd. Finally, TheStreet cut shares of China Automotive Systems from a “c-” rating to a “d+” rating in a research note on Friday, October 19th.
A hedge fund recently raised its stake in China Automotive Systems stock. Hanson & Doremus Investment Management boosted its stake in shares of China Automotive Systems, Inc. (NASDAQ:CAAS) by 16.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 100,552 shares of the auto parts company’s stock after purchasing an additional 14,377 shares during the quarter. Hanson & Doremus Investment Management owned 0.32% of China Automotive Systems worth $434,000 at the end of the most recent quarter. 2.85% of the stock is owned by institutional investors.
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About China Automotive Systems
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.
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