China Automotive Systems, Inc. (NASDAQ:CAAS – Get Free Report) announced a quarterly dividend on Friday, July 19th, RTT News reports. Investors of record on Tuesday, July 30th will be given a dividend of 0.80 per share by the auto parts company on Thursday, August 22nd. This represents a $3.20 dividend on an annualized basis and a yield of 77.67%.
China Automotive Systems Trading Up 17.4 %
CAAS stock opened at $4.12 on Friday. The company has a market cap of $124.38 million, a P/E ratio of 3.19 and a beta of 2.47. China Automotive Systems has a 52 week low of $3.04 and a 52 week high of $5.64. The company’s 50-day moving average price is $3.70 and its 200 day moving average price is $3.51.
China Automotive Systems (NASDAQ:CAAS – Get Free Report) last released its quarterly earnings data on Tuesday, May 14th. The auto parts company reported $0.27 EPS for the quarter. The firm had revenue of $139.39 million for the quarter. China Automotive Systems had a net margin of 6.82% and a return on equity of 10.84%.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of China Automotive Systems from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 25th.
Read Our Latest Report on CAAS
About China Automotive Systems
China Automotive Systems, Inc, through its subsidiaries, manufactures and sells automotive systems and components in the People’s Republic of China, the United States, and internationally. It 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 electronics and systems and parts.
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