China Automotive Systems (NASDAQ:CAAS) Shares Pass Above 200 Day Moving Average of $3.41

China Automotive Systems, Inc. (NASDAQ:CAAS)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.41 and traded as high as $3.70. China Automotive Systems shares last traded at $3.53, with a volume of 32,626 shares.

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 report on Friday, March 29th.

China Automotive Systems Trading Down 3.3 %

The stock has a market capitalization of $106.57 million, a P/E ratio of 2.82 and a beta of 2.45. The company’s 50-day moving average is $3.44 and its two-hundred day moving average is $3.41.

China Automotive Systems (NASDAQ:CAAS) last issued its quarterly earnings data on Thursday, March 28th. The auto parts company reported $0.36 earnings per share for the quarter. The firm had revenue of $159.16 million for the quarter. China Automotive Systems had a net margin of 6.53% and a return on equity of 10.84%.

Institutional Trading of China Automotive Systems

An institutional investor recently raised its position in China Automotive Systems stock. WINTON GROUP Ltd raised its stake in shares of China Automotive Systems, Inc. (NASDAQ:CAAS) by 78.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,600 shares of the auto parts company’s stock after buying an additional 19,231 shares during the period. WINTON GROUP Ltd owned approximately 0.14% of China Automotive Systems worth $170,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 5.17% of the company’s stock.

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 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.