China Automotive Systems (CAAS) Scheduled to Post Earnings on Wednesday

China Automotive Systems (NASDAQ:CAAS) is scheduled to be issuing its quarterly earnings data before the market opens on Wednesday, November 13th. Parties that are interested in participating in the company’s conference call can do so using this link.

China Automotive Systems (NASDAQ:CAAS) last issued its quarterly earnings results on Tuesday, August 13th. The auto parts company reported $0.24 earnings per share for the quarter. China Automotive Systems had a net margin of 6.02% and a return on equity of 9.50%. The company had revenue of $158.61 million during the quarter.

China Automotive Systems Price Performance

Shares of CAAS opened at $4.70 on Tuesday. The firm’s 50 day moving average is $4.13 and its 200-day moving average is $3.87. China Automotive Systems has a 12-month low of $3.04 and a 12-month high of $4.97. The stock has a market capitalization of $141.89 million, a P/E ratio of 3.98 and a beta of 2.45.

Analysts Set New Price Targets

Separately, StockNews.com cut China Automotive Systems from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 14th.

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 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.