China Automotive Systems (CAAS) to Release Earnings on Thursday
China Automotive Systems (NASDAQ:CAAS) is set to release its earnings data before the market opens on Thursday, March 28th. Analysts expect China Automotive Systems to post earnings of $0.05 per share for the quarter.
CAAS stock opened at $3.91 on Thursday. The stock has a market capitalization of $123.21 million, a PE ratio of 5.95 and a beta of 1.67. China Automotive Systems has a 12 month low of $2.00 and a 12 month high of $5.00.
China Automotive Systems declared that its board has approved a share repurchase program on Friday, December 7th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the auto parts company to reacquire up to 6.5% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.
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China Automotive Systems Company Profile
China Automotive Systems, Inc, through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China. The company produces rack and pinion power steering gears for cars and light duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light duty vehicles; sensor modules; automobile steering systems and columns; and automobile electronic systems and parts.
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