China Automotive Systems (NASDAQ:CAAS – Get Free Report) posted its quarterly earnings data on Friday. The auto parts company reported $0.30 earnings per share for the quarter, Zacks reports. China Automotive Systems had a return on equity of 8.22% and a net margin of 5.12%. China Automotive Systems updated its FY 2025 guidance to EPS.
China Automotive Systems Trading Down 9.1 %
NASDAQ:CAAS opened at $4.78 on Friday. China Automotive Systems has a 12 month low of $3.34 and a 12 month high of $5.37. The firm’s 50 day moving average is $4.37 and its 200 day moving average is $4.26. The stock has a market capitalization of $144.29 million, a PE ratio of 4.55 and a beta of 2.27.
Analyst Ratings Changes
Separately, StockNews.com started coverage on shares of China Automotive Systems in a research report on Wednesday. They set a “buy” rating for the company.
China Automotive Systems Company Profile
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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