Somewhat Positive Press Coverage Extremely Likely to Impact China Automotive Systems (CAAS) Stock Price

News headlines about China Automotive Systems (NASDAQ:CAAS) have trended somewhat positive recently, Alpha One reports. The research group, a division of Accern, identifies negative and positive press coverage by monitoring more than twenty million blog and news sources. Alpha One ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. China Automotive Systems earned a daily sentiment score of 0.06 on Alpha One’s scale. Alpha One also assigned media headlines about the auto parts company an impact score of 100 out of 100, meaning that recent press coverage is extremely likely to have an effect on the company’s share price in the near term.

A number of research analysts have issued reports on CAAS shares. ValuEngine raised China Automotive Systems from a “buy” rating to a “strong-buy” rating in a report on Tuesday, May 16th. Zacks Investment Research downgraded China Automotive Systems from a “hold” rating to a “sell” rating in a report on Wednesday, April 5th. Finally, Greenridge Global raised China Automotive Systems from a “hold” rating to a “buy” rating and set a $7.50 price target for the company in a report on Wednesday, April 5th.

Shares of China Automotive Systems (NASDAQ CAAS) traded down 0.0948% on Thursday, reaching $4.9553. The company’s stock had a trading volume of 3,168 shares. China Automotive Systems has a 1-year low of $3.10 and a 1-year high of $7.96. The company has a market capitalization of $156.81 million, a price-to-earnings ratio of 7.0790 and a beta of 2.53. The stock has a 50-day moving average price of $4.85 and a 200-day moving average price of $5.22.

China Automotive Systems (NASDAQ:CAAS) last announced its earnings results on Thursday, May 11th. The auto parts company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.19 by $0.01. China Automotive Systems had a net margin of 5.47% and a return on equity of 7.61%. The company had revenue of $119.31 million during the quarter, compared to analysts’ expectations of $118.36 million. During the same quarter last year, the business posted $0.18 earnings per share. On average, equities research analysts forecast that China Automotive Systems will post $0.72 EPS for the current year.

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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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:CAAS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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