中国汽车系统（纳斯达克股票代码：CAAS）被StockNews.com下调评级|纳斯达克_新浪财经

StockNews.com lowered shares of China Automotive Systems (NASDAQ:CAAS – Get Rating) from a strong-buy rating to a buy rating in a report released on Friday morning.

Separately, Greenridge Global lowered shares of China Automotive Systems from a buy rating to a hold rating in a report on Wednesday, December 14th.

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China Automotive Systems Stock Down 2.1 %

China Automotive Systems stock opened at $5.71 on Friday. The firm has a market capitalization of $175.07 million, a PE ratio of 8.04 and a beta of 2.46. The firm's 50-day simple moving average is $7.30 and its 200 day simple moving average is $5.89. China Automotive Systems has a 52 week low of $2.56 and a 52 week high of $9.70.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC acquired a new position in shares of China Automotive Systems during the 4th quarter valued at about $132,000. Virtu Financial LLC acquired a new position in shares of China Automotive Systems during the 4th quarter valued at about $165,000. Millennium Management LLC increased its stake in shares of China Automotive Systems by 169.0% during the 4th quarter. Millennium Management LLC now owns 304,388 shares of the auto parts company's stock valued at $1,765,000 after acquiring an additional 191,215 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of China Automotive Systems by 0.9% during the 4th quarter. Renaissance Technologies LLC now owns 363,494 shares of the auto parts company's stock valued at $2,108,000 after acquiring an additional 3,400 shares during the last quarter. Finally, JPMorgan Chase & Co. acquired a new position in shares of China Automotive Systems during the 4th quarter valued at about $31,000. 3.00% of the stock is currently owned by hedge funds and other institutional investors.

About China Automotive Systems

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China Automotive Systems, Inc is a holding company, which engages in the manufacture and sale of automotive products, through its subsidiaries. It operates through the following geographical segments: Henglong, Jiulong, Shenyang, Wuhu, Hubei Henglong, Henglong KYB, and Other Entities. It also supplies power steering systems and component.

Further Reading

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