China Automotive Systems Insider Daming Hu Unloads 26,400 Shares (CAAS)
China Automotive Systems (NASDAQ:CAAS) Insider Daming Hu sold 26,400 shares of the stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $9.16, for a total value of $241,824.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of China Automotive Systems (NASDAQ:CAAS) opened at 9.32 on Wednesday. China Automotive Systems has a 52-week low of $6.27 and a 52-week high of $9.87. The stock has a 50-day moving average of $8.8 and a 200-day moving average of $8.27. The company has a market cap of $261.4 million and a P/E ratio of 9.34.
China Automotive Systems (NASDAQ:CAAS) last issued its quarterly earnings data on Wednesday, August 13th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.17. The company had revenue of $115.50 million for the quarter, compared to the consensus estimate of $119.62 million. On average, analysts predict that China Automotive Systems will post $1.13 earnings per share for the current fiscal year.
Separately, analysts at Zacks downgraded shares of China Automotive Systems from an “outperform” rating to a “neutral” rating in a research note on Tuesday, August 5th. They now have a $10.30 price target on the stock.
China Automotive Systems, Inc (NASDAQ:CAAS) is a holding company and has no significant business operations or assets other than its interest in Great Genesis Holdings Limited (Genesis).
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