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 company’s stock on the open market in a transaction dated Monday, August 18th. The shares were sold at an average price of $9.16, for a total value of $241,824.00. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of China Automotive Systems (NASDAQ:CAAS) opened at 9.11 on Friday. China Automotive Systems has a one year low of $6.27 and a one year high of $9.87. The stock’s 50-day moving average is $8.88 and its 200-day moving average is $8.28. The company has a market cap of $255.5 million and a P/E ratio of 9.37.
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. Analysts expect that China Automotive Systems will post $1.13 EPS 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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