CAAS Stock Declines Amid Lack of Institutional Ratings

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Dec 06, 2024

China Automotive Systems (CAAS, Financial) experienced a significant stock movement, with shares dropping by 5.33%. The stock is currently priced at $4.26, with a trading volume of 27,993 shares and a turnover rate of 0.09%. The company's recent financial report shows a revenue of $164 million, a net profit of $5.5 million, and earnings per share of $0.18. The price-to-earnings ratio stands at 4.09. No institutional ratings have been provided for CAAS, which operates in the auto parts sector, currently up by 0.56%.

China Automotive Systems specializes in power steering systems for both passenger and commercial vehicles, with a majority of its revenue generated in China.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.