China Automotive Systems (CAAS) Earns Daily Media Impact Score of 0.04

Media coverage about China Automotive Systems (NASDAQ:CAAS) has been trending somewhat positive on Saturday, according to Accern Sentiment. The research group ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. China Automotive Systems earned a coverage optimism score of 0.04 on Accern’s scale. Accern also gave media stories about the auto parts company an impact score of 45.9702420023483 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Shares of CAAS opened at $4.11 on Friday. The company has a market cap of $128.79 million, a price-to-earnings ratio of 6.42 and a beta of 2.10. China Automotive Systems has a 52 week low of $4.04 and a 52 week high of $5.90.

Get China Automotive Systems alerts:

China Automotive Systems (NASDAQ:CAAS) last issued its quarterly earnings data on Thursday, May 10th. The auto parts company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.04). The company had revenue of $134.02 million for the quarter, compared to the consensus estimate of $122.81 million. China Automotive Systems had a positive return on equity of 5.83% and a negative net margin of 4.03%. sell-side analysts predict that China Automotive Systems will post 0.69 earnings per share for the current fiscal year.

A number of brokerages recently commented on CAAS. Zacks Investment Research raised China Automotive Systems from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine lowered China Automotive Systems from a “buy” rating to a “hold” rating in a research report on Friday, June 1st.

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. The company 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 systems and parts.