China Automotive Systems (NASDAQ:CAAS) Stock Crosses Above 200-Day Moving Average – Should You Sell?

China Automotive Systems, Inc. (NASDAQ:CAAS) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.43 and traded as high as $4.55. China Automotive Systems shares last traded at $4.42, with a volume of 15,738 shares changing hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised shares of China Automotive Systems from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 20th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, China Automotive Systems presently has a consensus rating of “Hold”.

China Automotive Systems Trading Down 2.2%

The firm has a market cap of $133.36 million, a P/E ratio of 3.11 and a beta of 1.04. The business has a 50-day moving average price of $4.43 and a 200-day moving average price of $4.43.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. XTX Topco Ltd purchased a new stake in shares of China Automotive Systems in the 4th quarter worth approximately $47,000. Virtu Financial LLC bought a new position in China Automotive Systems in the third quarter worth approximately $86,000. Citadel Advisors LLC purchased a new stake in China Automotive Systems during the third quarter worth $213,000. Empowered Funds LLC lifted its holdings in China Automotive Systems by 8.6% during the first quarter. Empowered Funds LLC now owns 156,258 shares of the auto parts company’s stock worth $691,000 after buying an additional 12,402 shares during the period. Finally, Bridgeway Capital Management LLC boosted its position in China Automotive Systems by 2.9% during the 2nd quarter. Bridgeway Capital Management LLC now owns 301,155 shares of the auto parts company’s stock valued at $1,229,000 after acquiring an additional 8,547 shares in the last quarter. Hedge funds and other institutional investors own 5.17% of the company’s stock.

China Automotive Systems Company Profile

China Automotive Systems, Inc (NASDAQ: CAAS) is a leading designer, manufacturer and marketer of power steering systems and related components primarily for the automotive industry in China. The company’s core business centers on hydraulic and electric power steering products, steering columns, steering gearboxes and electronic control units. By integrating research and development, manufacturing and sales, China Automotive Systems aims to deliver high-quality steering solutions that meet the performance and safety requirements of global automakers.

The company’s product portfolio includes traditional hydraulic power steering systems, which have long been favored for their reliability, as well as advanced electric power steering units that offer improved fuel efficiency and enhanced vehicle control.