China Automotive Systems (CAAS) Upgraded by Zacks Investment Research to Hold

China Automotive Systems stock has undergone multiple analysts rating changes in the recent past.  China Automotive Systems Upgraded by Zacks Investment Research on 10/13/2021. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Sell.

Shares of China Automotive Systems traded up $0.09 on Wednesday, reaching $3.37. 12304 shares of the stock traded hands, compared to its average volume of 31763. Shares of China Automotive Systems were trading at $3.37 on Wednesday. The firm’s 50 day moving average is $3.54 and its 200 day moving average is $4.82.China Automotive Systems has a 12 month low of $3.29 and a 12 month high of $13.69. While on yearly highs and lows, China Automotive Systems’s today has traded high as $3.37 and has touched $3.29 on the downward trend. See More Analyst Rating at: RATING

China Automotive Systems Earnings and What to expect: 

China Automotive Systems last issued its earnings results on August 11th, 2021. The auto parts company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.03. The company earned $120.60 million during the quarter, compared to the consensus estimate of $118.18 million. China Automotive Systems has generated ($0.05) earnings per share over the last year ($0.18 diluted earnings per share) and currently has a price-to-earnings ratio of 18.7. Earnings for China Automotive Systems are expected to grow by 37.50% in the coming year, from $0.32 to $0.44 per share. China Automotive Systems has not formally confirmed its next earnings publication date, but the company’s estimated earnings date is Thursday, November 11th, 2021 based off prior year’s report dates.

Earnings for China Automotive Systems are expected to grow by 37.50% in the coming year, from $0.32 to $0.44 per share. The P/E ratio of China Automotive Systems is 18.72, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 14.72. The P/E ratio of China Automotive Systems is 18.72, which means that it is trading at a less expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 19.93. China Automotive Systems has a P/B Ratio of 0.33. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

China Automotive Systems (CAAS) Moving Average Technical Analysis

5 day Moving Average is $3.27 And 5 day price change is $0.26 (8.53%)  with average volume for 5 day average is 21,520. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $3.27 and 20 day price change is -$0.02 (-0.59%) and average 20 day moving volume is 26,265. 50 day moving average is $3.54  and 50 day price change is -$0.78 ( -18.80%)  and with average volume for 50 days is : 37,408. 200 day moving average is $4.82  and 200 day price change is -$2.97 (-46.85%)  and with average volume for 200 days is : 130,904.

Other owners latest trading in China Automotive Systems :

  • On 8/25/2021 shares held by Marshall Wace LLP were 151,703 which equates to market value of $0.75M and appx 0.00% owners of China Automotive Systems
  • On 8/23/2021 shares held by Morgan Stanley were 12,056 which equates to market value of $59K and appx 0.00% owners of China Automotive Systems
  • On 8/17/2021 shares held by Invesco Ltd. were 17,777 which equates to market value of $88K and appx 0.00% owners of China Automotive Systems
  • In total Institutional ownership equates to Institutional Ownership Percentage: 3.69% for China Automotive Systems

See More Analyst Rating at: RATING