China Automotive Systems (CAAS) Earns News Impact Score of 0.00
News coverage about China Automotive Systems (NASDAQ:CAAS) has been trending somewhat negative recently, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. China Automotive Systems earned a news impact score of 0.00 on Accern’s scale. Accern also assigned headlines about the auto parts company an impact score of 47.3297819112654 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Several research firms have recently commented on CAAS. ValuEngine cut shares of China Automotive Systems from a “buy” rating to a “hold” rating in a research note on Friday, June 1st. Zacks Investment Research upgraded shares of China Automotive Systems from a “sell” rating to a “hold” rating in a research note on Tuesday, July 3rd.
Shares of CAAS stock traded down $0.15 during mid-day trading on Friday, hitting $3.75. The stock had a trading volume of 14,586 shares, compared to its average volume of 26,706. China Automotive Systems has a fifty-two week low of $3.64 and a fifty-two week high of $5.90. The stock has a market capitalization of $121.51 million, a PE ratio of 5.86 and a beta of 1.72.
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.
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