Recent Research Analysts’ Ratings Changes for China Automotive Systems (CAAS)

A number of research firms have changed their ratings and price targets for China Automotive Systems (NASDAQ: CAAS):

  • 9/18/2022 – China Automotive Systems is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
  • 9/10/2022 – China Automotive Systems is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
  • 9/8/2022 – China Automotive Systems was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating.
  • 9/2/2022 – China Automotive Systems is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
  • 8/25/2022 – China Automotive Systems is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
  • 8/17/2022 – China Automotive Systems is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
  • 8/9/2022 – China Automotive Systems is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
  • 8/1/2022 – China Automotive Systems is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.
  • 7/24/2022 – China Automotive Systems is now covered by analysts at StockNews.com. They set a “buy” rating on the stock.

China Automotive Systems Price Performance

Shares of CAAS opened at $4.18 on Wednesday. China Automotive Systems, Inc. has a 1-year low of $2.20 and a 1-year high of $5.12. The stock has a market cap of $128.17 million, a PE ratio of 9.09 and a beta of 2.21. The firm has a fifty day moving average price of $3.50 and a 200 day moving average price of $3.08.

Institutional Investors Weigh In On China Automotive Systems

An institutional investor recently raised its position in China Automotive Systems stock. Hanson & Doremus Investment Management lifted its position in shares of China Automotive Systems, Inc. (NASDAQ:CAASGet Rating) by 399.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,164 shares of the auto parts company’s stock after acquiring an additional 19,324 shares during the quarter. Hanson & Doremus Investment Management owned 0.08% of China Automotive Systems worth $74,000 at the end of the most recent quarter. 2.57% of the stock is currently owned by institutional investors and hedge funds.

China Automotive Systems, Inc, through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China. 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 electronic and hydraulic power steering systems and parts.

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