Shares of China Automotive Systems (NASDAQ:CAAS) dipped during a 52-week low on Friday.
The company traded as low as US$6.12 and last traded at US$6.22, with a volume of 32,311 shares changing hands. The stock had previously closed at US$6.32.
The stock’s 50-day moving average is US$6.99 and its 200-day moving average is US$8.59. The company has a market cap of US$199.5 million and a P/E ratio of 5.64.
China Automotive Systems (NASDAQ:CAAS) last announced its earnings results on Wednesday, November 12th. The company reported US$0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of US$0.21 by US$0.03. The company had revenue of US$101.70 million for the quarter, compared to the consensus estimate of US$115.04 million. On average, analysts predict that China Automotive Systems will post US$1.14 earnings per share for the current fiscal year.
China Automotive Systems, Inc is a holding company. The Company is engaged in the manufacture and sales of automotive systems and components in the People’s Republic of China. The Company’s subsidiaries include Great Genesis Holdings Limited (NASDAQ:CAAS) and Henglong USA Corporation (HLUSA).