China Automotive Systems, Inc. (NASDAQ:CAAS - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $3.79 and traded as high as $4.18. China Automotive Systems shares last traded at $4.14, with a volume of 29,373 shares.
Wall Street Analyst Weigh In
Separately, StockNews.com lowered China Automotive Systems from a "strong-buy" rating to a "buy" rating in a research report on Wednesday, August 14th.
View Our Latest Stock Analysis on China Automotive Systems
China Automotive Systems Price Performance
The firm has a market capitalization of $126.18 million, a P/E ratio of 3.22 and a beta of 2.45. The stock has a fifty day simple moving average of $3.91 and a two-hundred day simple moving average of $3.79.
China Automotive Systems (NASDAQ:CAAS - Get Free Report) last announced its quarterly earnings data on Tuesday, August 13th. The auto parts company reported $0.24 earnings per share for the quarter. The firm had revenue of $158.61 million for the quarter. China Automotive Systems had a net margin of 6.02% and a return on equity of 9.50%.
China Automotive Systems Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 22nd. Stockholders of record on Tuesday, July 30th were issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a dividend yield of 76.56%. The ex-dividend date of this dividend was Tuesday, July 30th.
Institutional Investors Weigh In On China Automotive Systems
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. American Century Companies Inc. purchased a new stake in China Automotive Systems in the 2nd quarter valued at about $36,000. Empowered Funds LLC grew its position in China Automotive Systems by 8.2% during the first quarter. Empowered Funds LLC now owns 120,409 shares of the auto parts company's stock valued at $427,000 after buying an additional 9,100 shares during the period. Finally, Renaissance Technologies LLC increased its holdings in China Automotive Systems by 1.7% during the second quarter. Renaissance Technologies LLC now owns 419,994 shares of the auto parts company's stock worth $1,491,000 after buying an additional 6,900 shares during the last quarter. 5.17% of the stock is owned by hedge funds and other institutional investors.
About China Automotive Systems
(
Get Free Report)
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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