News articles about China Automotive Systems (NASDAQ:CAAS) have trended somewhat positive recently, Accern Sentiment reports. The research firm ranks the sentiment of media coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. China Automotive Systems earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave press coverage about the auto parts company an impact score of 45.4215753644243 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Shares of China Automotive Systems (CAAS) opened at $4.37 on Thursday. China Automotive Systems has a 1-year low of $4.30 and a 1-year high of $5.90. The firm has a market cap of $138.28, a PE ratio of 5.46 and a beta of 2.19.
A number of research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of China Automotive Systems from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 16th. ValuEngine cut shares of China Automotive Systems from a “buy” rating to a “hold” rating in a report on Monday, November 27th.
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About China Automotive Systems
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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