China Automotive Systems (CAAS) Scheduled to Post Quarterly Earnings on Wednesday

China Automotive Systems (NASDAQ:CAAS) is set to post its quarterly earnings results before the market opens on Wednesday, November 13th. Persons that wish to register for the company’s earnings conference call can do so using this link.

China Automotive Systems (NASDAQ:CAAS) last released its earnings results on Tuesday, August 13th. The auto parts company reported $0.24 earnings per share for the quarter. The firm had revenue of $158.61 million during the quarter. China Automotive Systems had a net margin of 6.02% and a return on equity of 9.50%.

China Automotive Systems Trading Up 0.4 %

Shares of China Automotive Systems stock opened at $4.70 on Tuesday. China Automotive Systems has a 1 year low of $3.04 and a 1 year high of $4.97. The company has a market cap of $141.89 million, a price-to-earnings ratio of 3.98 and a beta of 2.45. The company’s fifty day simple moving average is $4.13 and its 200-day simple moving average is $3.87.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of China Automotive Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 14th.

About China Automotive Systems

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.