China Automotive Systems (NASDAQ:CAAS) Posts Quarterly Earnings Results

China Automotive Systems (NASDAQ:CAAS) announced its earnings results on Friday. The auto parts company reported $0.30 earnings per share (EPS) for the quarter, Zacks reports. China Automotive Systems had a return on equity of 8.22% and a net margin of 5.12%. China Automotive Systems updated its FY 2025 guidance to EPS.

China Automotive Systems Stock Performance

China Automotive Systems stock traded down $0.16 during midday trading on Friday, hitting $5.11. 86,979 shares of the company’s stock were exchanged, compared to its average volume of 55,121. The stock has a market cap of $154.10 million, a price-to-earnings ratio of 4.86 and a beta of 2.27. China Automotive Systems has a 12-month low of $3.34 and a 12-month high of $5.48. The firm’s 50 day simple moving average is $4.36 and its 200 day simple moving average is $4.25.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on China Automotive Systems in a report on Wednesday. They issued a “buy” rating for the company.

About China Automotive Systems

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.