News articles about China Automotive Systems (NASDAQ:CAAS) have been trending somewhat positive recently, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. China Automotive Systems earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned media stories about the auto parts company an impact score of 46.695791804398 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news articles that may have effected Accern Sentiment’s rankings:
- China Automotive Systems (CAAS) Announces Receipt of Revised Proposal from Chen, Affiliates (streetinsider.com)
- CHINA AUTOMOTIVE SYSTEMS INC : Other Events, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- China Automotive Systems, Inc. Announces Receipt of Revised Proposal (finance.yahoo.com)
- Surging Earnings Estimates Signal Good News for China Automotive (CAAS) (finance.yahoo.com)
China Automotive Systems (NASDAQ CAAS) opened at 5.39 on Friday. The firm has a market cap of $170.56 million, a PE ratio of 6.57 and a beta of 2.22. The company’s 50-day moving average is $4.98 and its 200 day moving average is $4.91. China Automotive Systems has a one year low of $3.69 and a one year high of $7.96.
China Automotive Systems (NASDAQ:CAAS) last announced its quarterly earnings results on Thursday, August 10th. The auto parts company reported $0.28 EPS for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.14. The business had revenue of $117.66 million during the quarter, compared to analyst estimates of $106.74 million. China Automotive Systems had a net margin of 5.43% and a return on equity of 8.30%. During the same quarter in the previous year, the business posted $0.14 EPS. Equities analysts anticipate that China Automotive Systems will post $0.86 earnings per share for the current year.
CAAS has been the topic of a number of research reports. ValuEngine upgraded shares of China Automotive Systems from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, May 16th. Zacks Investment Research raised shares of China Automotive Systems from a “hold” rating to a “buy” rating and set a $5.50 price target for the company in a research note on Tuesday, August 15th.
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About China Automotive Systems
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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