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

China Automotive Systems (NASDAQ:CAAS) is scheduled to be releasing its earnings data before the market opens on Wednesday, November 13th. China Automotive Systems has set its FY 2024 guidance at EPS.Individual interested in listening to the company’s earnings 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. The company had revenue of $158.61 million for the quarter. China Automotive Systems had a net margin of 6.02% and a return on equity of 9.50%.

China Automotive Systems Stock Performance

Shares of NASDAQ:CAAS opened at $4.63 on Wednesday. The company’s 50-day moving average is $4.05 and its 200 day moving average is $3.84. The company has a market capitalization of $139.78 million, a P/E ratio of 3.92 and a beta of 2.45. China Automotive Systems has a fifty-two week low of $3.04 and a fifty-two week high of $4.97.

Analyst Ratings Changes

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

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.