Somewhat Positive News Coverage Somewhat Unlikely to Affect China Automotive Systems (CAAS) Share Price

News stories about China Automotive Systems (NASDAQ:CAAS) have been trending somewhat positive recently, Accern Sentiment reports. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. China Automotive Systems earned a coverage optimism score of 0.02 on Accern’s scale. Accern also assigned press coverage about the auto parts company an impact score of 47.997590104111 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Several equities analysts have recently issued reports on the stock. ValuEngine lowered shares of China Automotive Systems from a “buy” rating to a “hold” rating in a report on Friday, June 1st. Zacks Investment Research lowered shares of China Automotive Systems from a “hold” rating to a “strong sell” rating in a report on Thursday, April 5th.

NASDAQ CAAS traded up $0.08 during mid-day trading on Thursday, reaching $4.36. The stock had a trading volume of 14,679 shares, compared to its average volume of 25,969. China Automotive Systems has a 1 year low of $4.04 and a 1 year high of $5.90. The firm has a market cap of $134.80 million, a P/E ratio of 6.81 and a beta of 2.08.

China Automotive Systems (NASDAQ:CAAS) last announced its quarterly earnings data on Thursday, May 10th. The auto parts company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). China Automotive Systems had a positive return on equity of 5.83% and a negative net margin of 4.03%. The firm had revenue of $134.02 million during the quarter, compared to analysts’ expectations of $122.81 million. equities research analysts predict that China Automotive Systems will post 0.69 earnings per share for the current year.

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.

Insider Buying and Selling by Quarter for China Automotive Systems (NASDAQ:CAAS)

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