China Automotive Systems (NASDAQ:CAAS - Get Free Report) is scheduled to issue its quarterly earnings data before the market opens on Wednesday, November 13th. China Automotive Systems has set its FY 2024 guidance at EPS.Investors that are interested in registering for the company's conference call can do so using this link.
China Automotive Systems (NASDAQ:CAAS - Get Free Report) last issued its earnings results on Tuesday, August 13th. The auto parts company reported $0.24 earnings per share (EPS) for the quarter. China Automotive Systems had a net margin of 6.02% and a return on equity of 9.50%. The business had revenue of $158.61 million during the quarter.
China Automotive Systems Stock Performance
NASDAQ:CAAS remained flat at $4.63 during mid-day trading on Wednesday. 63,094 shares of the company traded hands, compared to its average volume of 57,696. China Automotive Systems has a twelve month low of $3.04 and a twelve month high of $4.97. The firm has a market cap of $139.78 million, a PE ratio of 3.92 and a beta of 2.45. The stock has a fifty day simple moving average of $4.05 and a 200 day simple moving average of $3.84.
Wall Street Analyst Weigh In
Separately, StockNews.com downgraded shares of China Automotive Systems from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, August 14th.
View Our Latest Stock Analysis on China Automotive Systems
China Automotive Systems Company Profile
(
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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.
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