China Automotive Systems (NASDAQ:CAAS) announced its quarterly earnings data on Tuesday. The auto parts company reported ($0.09) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.09), MarketWatch Earnings reports. The firm had revenue of $73.56 million for the quarter, compared to the consensus estimate of $55.50 million. China Automotive Systems had a net margin of 2.15% and a return on equity of 2.76%. China Automotive Systems updated its FY 2020
Pre-Market guidance to EPS.
CAAS stock opened at $2.97 on Thursday. The stock has a market capitalization of $92.59 million, a P/E ratio of 11.00 and a beta of 1.53. The company has a current ratio of 1.45, a quick ratio of 1.18 and a debt-to-equity ratio of 0.03. China Automotive Systems has a 12 month low of $1.42 and a 12 month high of $4.16. The firm has a 50-day moving average price of $2.11 and a 200-day moving average price of $2.37.
A number of brokerages have issued reports on CAAS. ValuEngine downgraded shares of China Automotive Systems from a “hold” rating to a “sell” rating in a research note on Wednesday. Zacks Investment Research downgraded shares of China Automotive Systems from a “buy” rating to a “hold” rating in a research note on Thursday, May 21st.
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.
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