China Automotive Systems (CAAS) Getting Somewhat Positive News Coverage, Study Shows

News coverage about China Automotive Systems (NASDAQ:CAAS) has trended somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. China Automotive Systems earned a news sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the auto parts company an impact score of 46.8217576594855 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

China Automotive Systems (NASDAQ CAAS) traded up $0.02 during mid-day trading on Friday, hitting $5.10. The stock had a trading volume of 15,805 shares, compared to its average volume of 28,738. The firm has a market capitalization of $161.07, a PE ratio of 6.36 and a beta of 2.40. China Automotive Systems has a 52 week low of $4.24 and a 52 week high of $7.96.

Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded China Automotive Systems from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. ValuEngine upgraded China Automotive Systems from a “buy” rating to a “strong-buy” rating in a report on Friday, October 6th.

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About China Automotive Systems

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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