For its fourth fiscal quarter (ending December 31), China Automotive Systems Inc (NASDAQ: CAAS) has reported E.P.S. of $0.36 compared to $0.14 a year ago. E.P.S. were $1.25 for the latest four quarters through December 31 versus $0.69 for the same period a year ago.
Recent Price Action
China Automotive Systems Inc (NASDAQ: CAAS) stock closed at $3.55 on 3/28/24 after a very large increase of 5.3%. Moreover, trading volume in this advance was exceptionally high at 296% of normal. The stock has risen 2.6% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
CAAS’ future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to continue to be Value Creation neutral.
China Automotive Systems has a current Value Trend Rating of C (Neutral). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. China Automotive Systems has a very high Appreciation Score of 92 but a poor Power Rating of 22, and the Neutral Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
Be the first to comment