China Automotive Systems (NASDAQ:CAAS) Releases Earnings Results

China Automotive Systems (NASDAQ:CAAS) posted its quarterly earnings results on Friday. The auto parts company reported $0.30 earnings per share (EPS) for the quarter, Zacks reports. China Automotive Systems had a return on equity of 8.22% and a net margin of 5.12%. China Automotive Systems updated its FY 2025 guidance to EPS.

China Automotive Systems Trading Down 3.2 %

NASDAQ:CAAS traded down $0.17 during trading hours on Friday, reaching $5.09. 83,906 shares of the company traded hands, compared to its average volume of 55,092. China Automotive Systems has a 1 year low of $3.34 and a 1 year high of $5.48. The stock has a market capitalization of $153.65 million, a P/E ratio of 4.85 and a beta of 2.27. The business’s 50-day moving average price is $4.36 and its two-hundred day moving average price is $4.25.

Analyst Ratings Changes

Separately, StockNews.com assumed coverage on shares of China Automotive Systems in a research note on Wednesday. They issued a “buy” rating for the company.

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.