China Automotive Systems, Inc. (NASDAQ:CAAS) was the recipient of unusually large options trading activity on Monday. Investors acquired 986 call options on the stock. This is an increase of 1,693% compared to the average volume of 55 call options.
A number of brokerages have commented on CAAS. ValuEngine downgraded shares of China Automotive Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 22nd. Zacks Investment Research downgraded shares of China Automotive Systems from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th.
Shares of China Automotive Systems (CAAS) opened at $4.84 on Thursday. China Automotive Systems has a 52-week low of $4.30 and a 52-week high of $5.99. The company has a market cap of $153.16, a P/E ratio of 6.05 and a beta of 2.37.
An institutional investor recently bought a new position in China Automotive Systems stock. Macquarie Group Ltd. bought a new stake in China Automotive Systems, Inc. (NASDAQ:CAAS) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 53,245 shares of the auto parts company’s stock, valued at approximately $277,000. Macquarie Group Ltd. owned approximately 0.17% of China Automotive Systems at the end of the most recent quarter. Institutional investors own 5.34% of the company’s stock.
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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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