China Automotive Systems (NASDAQ:CAAS) Shares Pass Above 200 Day Moving Average – Time to Sell?

China Automotive Systems, Inc. (NASDAQ:CAAS)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.15 and traded as high as $4.32. China Automotive Systems shares last traded at $4.23, with a volume of 17,291 shares changing hands.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of China Automotive Systems from a “hold” rating to a “buy” rating in a report on Monday, May 19th.

China Automotive Systems Price Performance

The firm has a market cap of $127.62 million, a P/E ratio of 4.41 and a beta of 2.57. The stock’s 50 day moving average is $4.05 and its two-hundred day moving average is $4.15.

China Automotive Systems (NASDAQ:CAAS) last posted its earnings results on Wednesday, May 14th. The auto parts company reported $0.24 earnings per share for the quarter. China Automotive Systems had a net margin of 4.25% and a return on equity of 7.33%.

Institutional Investors Weigh In On China Automotive Systems

Several large investors have recently made changes to their positions in CAAS. Virtu Financial LLC bought a new stake in shares of China Automotive Systems in the 1st quarter worth about $57,000. Two Sigma Securities LLC bought a new stake in shares of China Automotive Systems in the 4th quarter worth about $86,000. Connor Clark & Lunn Investment Management Ltd. grew its holdings in shares of China Automotive Systems by 22.4% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 106,586 shares of the auto parts company’s stock worth $437,000 after purchasing an additional 19,484 shares during the last quarter. Empowered Funds LLC grew its holdings in shares of China Automotive Systems by 8.6% in the 1st quarter. Empowered Funds LLC now owns 156,258 shares of the auto parts company’s stock worth $691,000 after purchasing an additional 12,402 shares during the last quarter. Finally, Bridgeway Capital Management LLC grew its holdings in shares of China Automotive Systems by 2.6% in the 4th quarter. Bridgeway Capital Management LLC now owns 280,206 shares of the auto parts company’s stock worth $1,149,000 after purchasing an additional 7,119 shares during the last quarter. Institutional investors own 5.17% of the company’s stock.

China Automotive Systems Company Profile

China Automotive Systems, Inc, through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China, the United States, and internationally. It 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 electronics and systems and parts.