Traders Purchase Large Volume of China Automotive Systems Call Options (CAAS)
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.
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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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