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Greenridge World’s China Automotive Techniques (NASDAQ:CAAS) has been upgraded

China Automotive Techniques (NASDAQ: CAAS – Get a evaluate) It was upgraded by analysis analysts at Greenridge World from a “maintain” score to a “purchase” score in a report launched on Friday, studies.

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Individually, downgraded shares of China Automotive Techniques from a “sturdy purchase” score to a “purchase” score in a analysis report on Friday, March twenty fourth.

China efficiency auto programs costs

CAAS shares opened at $5.45 on Friday. The corporate has a 50-day transferring common of $7.17 and a 200-day transferring common of $5.93. The corporate has a market capitalization of $167.11 million, a price-to-earnings ratio of seven.90 and a beta of two.46. China Automotive Techniques has a one-year low of $2.56 and a one-year excessive of $9.70.

China Automotive Techniques (NASDAQ:CAAS – Get Score) final reported its earnings outcomes on Thursday, March thirtieth. The auto elements firm reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.07 by $0.07. The corporate had income of $128.80 million for the quarter, in comparison with consensus estimates of $138.46 million. China Automotive Techniques internet revenue margin was 3.99% and return on fairness was 6.44%. Throughout the identical quarter within the earlier 12 months, the corporate reported earnings of $0.16 per share. As a gaggle, analysis analysts anticipate China Automotive Techniques to put up 0.48 earnings per share for the present fiscal 12 months.

Hedge funds weigh in on Chinese language auto programs

Institutional buyers have just lately added or decreased their stakes within the inventory. Renaissance Applied sciences LLC grew its place in Chinese language auto programs by 0.9% through the fourth quarter. Renaissance Applied sciences LLC now owns 363,494 shares of the auto elements firm valued at $2,108,000 after buying an extra 3,400 shares through the interval. Millennium Administration LLC strengthened its place in China Automotive Techniques by 169.0% through the fourth quarter. Millennium Administration LLC now owns 304,388 shares of the auto elements firm valued at $1,765,000 after buying an extra 191,215 shares through the interval. UBS Group AG elevated its stake in shares of China Automotive Techniques by 6.3% within the third quarter. UBS Group AG now owns 64,953 shares of the auto elements firm price $258,000 after buying an extra 3,865 shares final quarter. Marshall Wace LLP acquired a brand new place in shares of China Automotive Techniques within the third quarter price roughly $191,000. Lastly, Virtu Monetary LLC bought a brand new place in shares of China Automotive Techniques within the fourth quarter valued at roughly $165,000. Institutional buyers personal 3.00% of the corporate’s shares.

About Chinese language automobile programs

(Get Score)

China Automotive Techniques Inc. is a holding firm engaged within the manufacture and sale of automotive merchandise by its subsidiaries. It operates by the next geographical segments: Henglong, Jiulong, Shenyang, Wuhu, Hubei Henglong, Henglong KYB and different entities. It additionally provides energy steering programs and elements.

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