Zacks Investment Research upgraded China Automotive Systems, Inc. (NASDAQ:CAAS) to Hold in a report released today.
- Updated: October 17, 2016
Zacks Investment Research has upgraded China Automotive Systems, Inc. (NASDAQ:CAAS) to Hold in a report released on Monday October 17, 2016.
Yesterday China Automotive Systems, Inc. (NASDAQ:CAAS) traded 0.77% higher at $3.92. The company’s 50-day moving average is $4.02 and its 200-day moving average is $3.92. The last stock close price is down 0.07% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 10,091 shares of the stock were exchanged, down from an average trading volume of 30,375
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China Automotive Systems, Inc. has a 52 week low of $3.10 and a 52 week high of $6.31 with a P/E ratio of 5.68 The company’s market cap is currently $0.
General Information About China Automotive Systems, Inc. (NASDAQ:CAAS)
China Automotive Systems, Inc., (China Automotive) is a holding company. The Company, through its subsidiary, Great Genesis Holdings Limited (Genesis), owns interests in over eight Sino-joint ventures and over five subsidiaries in the People's Republic of China (PRC), which manufacture power steering systems and/or related products for various segments of the automobile industry. Genesis also owns interests in a Brazil-based trading company, which engages mainly in the import and sales of automotive parts in Brazil. Henglong USA Corporation (HLUSA), which is a subsidiary of the Company, engages in marketing of automotive parts in North America, and provides after sales service and research and development support. The Company's geographical segments include the United States, China and other foreign countries. One of its subsidiaries, Shenyang Jinbei Henglong Automotive Steering System Co., Ltd., focuses on power steering parts for light duty vehicles.
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