China Automotive Systems Announces Share Repurchase Program Up To 5 Million
| CAAS Stock | USD 4.15 0.12 2.98% |
Slightly above 55% of China Automotive's private investors are presently thinking to get in. The analysis of overall sentiment of trading China Automotive Systems stock suggests that some investors are interested at this time. China Automotive's investing sentiment can be driven by a variety of factors including economic data, China Automotive's earnings reports, geopolitical events, and overall market trends.
China Automotive Systems, Inc. , a leading power steering components and systems supplier in China, today announced that its board of directors approved a share repurchase program of up to 5 million of its outstanding common shares periodically over the next 12 months. Repurchases will be made in open market transactions, at prevailing market prices not to exceed 5.50 per share through November 15, 2025, subject to applicable laws, regulations and approv
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China Automotive Fundamental Analysis
We analyze China Automotive's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of China Automotive using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of China Automotive based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Earnings Per Share
Earnings Per Share Comparative Analysis
China Automotive is currently under evaluation in earnings per share category among its peers. Earnings per Share (EPS) denotes the portion of a company's earnings that is allocated to each share of common stock. To calculate Earnings per Share investors will need to take a company's net income, subtract any dividends for preferred stock, and divide it by the number of average outstanding shares. EPS is usually presented in two different ways: basic and diluted. Fully diluted Earnings per Share takes into account effects of warrants, options, and convertible securities and is generally viewed by analysts as a more accurate measure.
China Automotive Systems Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with China Automotive stock to make a market-neutral strategy. Peer analysis of China Automotive could also be used in its relative valuation, which is a method of valuing China Automotive by comparing valuation metrics with similar companies.
Peers
China Automotive Related Equities
| MNRO | Monro Muffler | 31.17 | ||||
| CPS | Cooper Stnd | 5.57 | ||||
| AXL | American Axle | 3.97 | ||||
| MPAA | Motorcar Parts | 0.26 | ||||
| DORM | Dorman Products | 0.25 | ||||
| SMP | Standard | 0.27 | ||||
| GNTX | Gentex | 0.65 | ||||
| PLOW | Douglas Dynamics | 0.65 | ||||
| FOXF | Fox Factory | 1.56 | ||||
| DAN | Dana | 3.07 | ||||
| SRI | Stoneridge | 3.37 |
Additional Tools for China Stock Analysis
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