News stories about China Automotive Systems (NASDAQ:CAAS) have been trending somewhat negative on Sunday, according to Accern. The research group identifies positive and negative media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. China Automotive Systems earned a daily sentiment score of -0.03 on Accern’s scale. Accern also gave news headlines about the auto parts company an impact score of 47.5351282328103 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern’s scoring:
- China Automotive Systems (CAAS) Issues Quarterly Earnings Results, Misses Estimates By $0.14 EPS (americanbankingnews.com)
- China Automotive Systems Inc Q2 Earnings Drop (rttnews.com)
- China Automotive Systems: 2Q Earnings Snapshot (finance.yahoo.com)
- China Automotive Systems Reports 2018 Second Quarter Unaudited Financial Results (prnewswire.com)
Shares of China Automotive Systems traded down $0.06, hitting $3.84, during trading on Friday, Marketbeat.com reports. 28,434 shares of the company traded hands, compared to its average volume of 42,544. The firm has a market capitalization of $123.25 million, a PE ratio of 6.00 and a beta of 1.72. China Automotive Systems has a one year low of $3.75 and a one year high of $5.90.
CAAS has been the subject of several recent research reports. ValuEngine lowered China Automotive Systems from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Zacks Investment Research raised China Automotive Systems from a “sell” rating to a “hold” rating in a report on Tuesday, July 3rd.
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 company 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 electronic systems and parts.
Further Reading: Average Daily Trade Volume Explained
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