China Automotive Systems (NASDAQ:CAAS - Get Free Report) released its earnings results on Friday. The auto parts company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.16 by $0.14, Zacks reports. China Automotive Systems had a net margin of 5.12% and a return on equity of 8.22%. The firm had revenue of $188.70 million for the quarter, compared to analyst estimates of $147.52 million. China Automotive Systems updated its FY 2025 guidance to EPS.
China Automotive Systems Stock Down 2.9 %
Shares of NASDAQ:CAAS traded down $0.13 during trading on Tuesday, hitting $4.29. 76,166 shares of the company were exchanged, compared to its average volume of 55,592. China Automotive Systems has a 1-year low of $3.34 and a 1-year high of $5.37. The company has a market capitalization of $129.50 million, a P/E ratio of 4.08 and a beta of 2.27. The business's 50 day moving average is $4.38 and its 200-day moving average is $4.28.
Wall Street Analyst Weigh In
Separately, StockNews.com started coverage on China Automotive Systems in a research note on Wednesday, March 26th. They set a "buy" rating for the company.
Read 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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