China Automotive Systems (CAAS) to Release Quarterly Earnings on Thursday

China Automotive Systems (NASDAQ:CAASGet Free Report) will issue its quarterly earnings data before the market opens on Thursday, March 28th. Persons interested in registering for the company’s earnings conference call can do so using this link.

China Automotive Systems Price Performance

NASDAQ:CAAS opened at $3.46 on Thursday. The firm has a 50-day moving average of $3.34 and a two-hundred day moving average of $3.45. The stock has a market cap of $104.49 million, a P/E ratio of 3.36 and a beta of 2.44. China Automotive Systems has a 1-year low of $3.04 and a 1-year high of $6.09.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded China Automotive Systems from a “strong-buy” rating to a “buy” rating in a report on Monday.

Read Our Latest Stock Report on China Automotive Systems

Institutional Investors Weigh In On China Automotive Systems

Institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC grew its stake in China Automotive Systems by 30.9% in the first quarter. Renaissance Technologies LLC now owns 475,639 shares of the auto parts company’s stock worth $2,488,000 after purchasing an additional 112,145 shares in the last quarter. Millennium Management LLC increased its holdings in shares of China Automotive Systems by 169.0% in the 4th quarter. Millennium Management LLC now owns 304,388 shares of the auto parts company’s stock valued at $1,765,000 after acquiring an additional 191,215 shares during the last quarter. Bridgeway Capital Management LLC raised its position in shares of China Automotive Systems by 4.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 257,659 shares of the auto parts company’s stock valued at $832,000 after acquiring an additional 9,984 shares in the last quarter. GSA Capital Partners LLP increased its stake in China Automotive Systems by 34.8% during the fourth quarter. GSA Capital Partners LLP now owns 99,017 shares of the auto parts company’s stock valued at $320,000 after purchasing an additional 25,570 shares during the last quarter. Finally, Two Sigma Investments LP bought a new position in shares of China Automotive Systems in the 1st quarter worth about $359,000. Institutional investors and hedge funds own 5.98% of the company’s stock.

About China Automotive Systems

(Get Free Report)

China Automotive Systems, Inc, through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China 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 electronic and hydraulic power steering systems and parts.

See Also

Earnings History for China Automotive Systems (NASDAQ:CAAS)

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