China Automotive Techniques, Inc. (NASDAQ:CAAS – Get Rating) was the goal of a major progress briefly curiosity within the month of December. As of December fifteenth, there was quick curiosity totalling 230,200 shares, a progress of 117.8% from the November thirtieth complete of 105,700 shares. Based mostly on a median each day buying and selling quantity, of 174,400 shares, the days-to-cover ratio is presently 1.3 days. At present, 2.2% of the corporate’s inventory are bought quick.
China Automotive Techniques Buying and selling Up 2.1 %
NASDAQ CAAS opened at $5.86 on Thursday. The inventory’s 50 day transferring common is $5.45 and its 200 day transferring common is $4.15. China Automotive Techniques has a 12 month low of $2.20 and a 12 month excessive of $8.13. The inventory has a market cap of $179.67 million, a PE ratio of 8.25 and a beta of two.24.
China Automotive Techniques (NASDAQ:CAAS – Get Rating) final posted its quarterly earnings knowledge on Monday, November 14th. The auto components firm reported $0.24 EPS for the quarter, topping the consensus estimate of $0.04 by $0.20. China Automotive Techniques had a web margin of 4.05% and a return on fairness of 6.61%. The corporate had income of $137.21 million in the course of the quarter, in comparison with analyst estimates of $120.56 million. On common, analysts forecast that China Automotive Techniques will publish 0.62 EPS for the present fiscal 12 months.
Institutional Inflows and Outflows
A hedge fund not too long ago purchased a brand new stake in China Automotive Techniques inventory. Marshall Wace LLP bought a brand new place in China Automotive Techniques, Inc. (NASDAQ:CAAS – Get Rating) in the course of the third quarter, in keeping with its most up-to-date 13F submitting with the Securities and Alternate Fee (SEC). The institutional investor bought 48,480 shares of the auto components firm’s inventory, valued at roughly $191,000. Marshall Wace LLP owned about 0.16% of China Automotive Techniques on the finish of the latest quarter. 3.00% of the inventory is owned by hedge funds and different institutional traders.
Analyst Rankings Modifications
A number of equities analysts have commented on the corporate. TheStreet lowered China Automotive Techniques from a “b-” score to a “c” score in a analysis report on Monday, November 14th. StockNews.com assumed protection on China Automotive Techniques in a report on Wednesday, October twelfth. They set a “strong-buy” score for the corporate. Lastly, Greenridge World downgraded China Automotive Techniques from a “purchase” score to a “maintain” score in a report on Wednesday, December 14th.
About China Automotive Techniques
China Automotive Techniques, Inc, via its subsidiaries, manufactures and sells automotive programs and parts within the Individuals’s Republic of China. It produces rack and pinion energy steering gears for vehicles and light-duty automobiles; integral energy steering gears for heavy-duty automobiles; energy steering components for mild obligation automobiles; sensor modules; vehicle steering programs and columns; and vehicle digital and hydraulic energy steering programs and components.
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