China Automotive Systems (CAAS) Receiving Somewhat Favorable Press Coverage, Study Finds
News coverage about China Automotive Systems (NASDAQ:CAAS) has been trending somewhat positive this week, Accern reports. The research firm identifies negative and positive press coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. China Automotive Systems earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the auto parts company an impact score of 45.7910616646951 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several equities analysts recently commented on the stock. ValuEngine raised shares of China Automotive Systems from a “hold” rating to a “buy” rating in a research report on Sunday, December 3rd. Zacks Investment Research lowered shares of China Automotive Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, November 21st.
China Automotive Systems (NASDAQ:CAAS) traded up $0.34 on Monday, reaching $5.16. 177,400 shares of the company’s stock traded hands, compared to its average volume of 83,075. China Automotive Systems has a 12 month low of $4.30 and a 12 month high of $6.05. The stock has a market capitalization of $163.44, a P/E ratio of 6.45 and a beta of 2.38.
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China Automotive Systems Company Profile
China Automotive Systems, Inc, (China Automotive) is a holding company. The Company, through its subsidiary, Great Genesis Holdings Limited (Genesis), owns interests in over eight Sino-joint ventures and over five subsidiaries in the People’s Republic of China (PRC), which manufacture power steering systems and/or related products for various segments of the automobile industry.
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