China Automotive Systems (NASDAQ:CAAS) Releases Quarterly Earnings Results

China Automotive Systems (NASDAQ:CAASGet Free Report) posted its quarterly earnings results on Tuesday. The auto parts company reported $0.27 earnings per share for the quarter, RTT News reports. China Automotive Systems had a net margin of 6.82% and a return on equity of 10.84%. The business had revenue of $139.39 million for the quarter.

China Automotive Systems Stock Performance

CAAS opened at $3.54 on Friday. The company has a market cap of $106.87 million, a PE ratio of 2.74 and a beta of 2.47. The stock has a 50-day moving average of $3.51 and a 200-day moving average of $3.42. China Automotive Systems has a 52-week low of $3.04 and a 52-week high of $5.73.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of China Automotive Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 29th.

Read Our Latest Report on CAAS

About China Automotive Systems

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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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Earnings History for China Automotive Systems (NASDAQ:CAAS)

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