China Automotive Systems (CAAS) Receiving Somewhat Favorable News Coverage, Analysis Shows

News stories about China Automotive Systems (NASDAQ:CAAS) have been trending somewhat positive recently, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. China Automotive Systems earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media stories about the auto parts company an impact score of 45.7910616646951 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

China Automotive Systems (NASDAQ:CAAS) traded up $0.07 during trading hours on Monday, hitting $4.93. The stock had a trading volume of 16,100 shares, compared to its average volume of 62,711. China Automotive Systems has a fifty-two week low of $4.30 and a fifty-two week high of $5.90. The company has a market cap of $156.01, a PE ratio of 6.16 and a beta of 2.38.

China Automotive Systems (NASDAQ:CAAS) last announced its earnings results on Thursday, November 9th. The auto parts company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.01). China Automotive Systems had a net margin of 5.05% and a return on equity of 7.93%. sell-side analysts expect that China Automotive Systems will post 0.83 EPS for the current year.

A number of equities analysts have issued reports on the company. ValuEngine upgraded China Automotive Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, October 6th. Zacks Investment Research cut China Automotive Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th.

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About China Automotive Systems

China Automotive Systems, Inc, (China Automotive) is a holding company. The Company, through its subsidiary, Great Genesis Holdings Limited (Genesis), owns interests in over eight Sino-joint ventures and over five subsidiaries in the People’s Republic of China (PRC), which manufacture power steering systems and/or related products for various segments of the automobile industry.

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