At the time of writing, China Automotive Systems Inc [CAAS] stock is trading at $4.45, up 4.95%. An important factor to consider is whether the stock is rising or falling in short-term value. The CAAS shares have gain 8.54% over the last week, with a monthly amount glided 13.23%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
China Automotive Systems Inc [NASDAQ: CAAS] stock has seen the most recent analyst activity on August 15, 2011, when Brean Murray downgraded its rating to a Hold. Previously, Maxim Group downgraded its rating to Hold on August 10, 2011. Oppenheimer reiterated its Outperform rating and decreased its price target to $15 on March 18, 2011. Rodman & Renshaw reiterated its recommendation of a Mkt Outperform and reduced its price target to $17 on January 31, 2011. Rodman & Renshaw reiterated a Mkt Outperform rating for this stock on August 10, 2010, and downed its price target to $23. In a note dated May 17, 2010, Oppenheimer initiated an Outperform rating and provided a target price of $25 on this stock.
For the past year, the stock price of China Automotive Systems Inc fluctuated between $2.65 and $4.97. China Automotive Systems Inc [NASDAQ: CAAS] shares were valued at $4.45 at the most recent close of the market.
Analyzing the CAAS fundamentals
According to China Automotive Systems Inc [NASDAQ:CAAS], the company’s sales were 621.38M for trailing twelve months, which represents an 19.39% jump. Gross Profit Margin for this corporation currently stands at 0.18% with Operating Profit Margin at 0.07%, Pretax Profit Margin comes in at 0.08%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.09 and Total Capital is 0.11. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.44.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 4.28 points at the first support level, and at 4.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.58, and for the 2nd resistance point, it is at 4.72.
Ratios To Look Out For
It is important to note that China Automotive Systems Inc [NASDAQ:CAAS] has a current ratio of 1.36. On the other hand, the Quick Ratio is 1.11, and the Cash Ratio is 0.23. Considering the valuation of this stock, the price to sales ratio is 0.22, the price to book ratio is 0.38 and price to earnings (TTM) ratio is 4.22.
