China Automotive Systems (CAAS) Set to Announce Earnings on Thursday

China Automotive Systems (NASDAQ:CAAS) is set to issue its quarterly earnings data before the market opens on Thursday, March 28th. Parties that wish to register for the company’s conference call can do so using this link.

China Automotive Systems Stock Down 1.8 %

China Automotive Systems stock opened at $3.30 on Tuesday. China Automotive Systems has a twelve month low of $3.04 and a twelve month high of $6.09. The company’s 50-day moving average price is $3.36 and its two-hundred day moving average price is $3.43. The stock has a market cap of $99.63 million, a P/E ratio of 3.20 and a beta of 2.44.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CAAS. Virtu Financial LLC bought a new position in shares of China Automotive Systems in the 4th quarter worth $90,000. GSA Capital Partners LLP grew its holdings in shares of China Automotive Systems by 34.8% during the 4th quarter. GSA Capital Partners LLP now owns 99,017 shares of the auto parts company’s stock valued at $320,000 after purchasing an additional 25,570 shares during the last quarter. Bridgeway Capital Management LLC grew its holdings in shares of China Automotive Systems by 4.0% during the 4th quarter. Bridgeway Capital Management LLC now owns 257,659 shares of the auto parts company’s stock valued at $832,000 after purchasing an additional 9,984 shares during the last quarter. Zacks Investment Management bought a new position in shares of China Automotive Systems during the 2nd quarter valued at $49,000. Finally, WINTON GROUP Ltd bought a new position in shares of China Automotive Systems during the 2nd quarter valued at $120,000. 5.17% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of China Automotive Systems from a “strong-buy” rating to a “buy” rating in a research note on Monday, March 18th.

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 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 electronic and hydraulic power steering systems and parts.