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China Automotive Systems (CAAS) Jumps: Stock Rises 7.2%
China Automotive Systems Inc. (CAAS - Free Report) was a big mover last session, as the company saw its shares rise above 7% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This continues the recent uptrend for the company as the stock is now up 91% in the past one-month time frame.
In the last 30 days, the company has seen one estimate revision and the Zacks Consensus Estimate also moved higher. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
China Automotive Systems currently holds a Zacks Rank #2 (Buy) while its Earnings ESP is 0.00%.
CHINA AUTO SYS Price
CHINA AUTO SYS Price | CHINA AUTO SYS Quote
Another well-ranked Automotive-Original Equipment stock is Allison Transmission Holdings, Inc. (ALSN - Free Report) , which has the same Zacks Rank as China Automotive Systems. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Is CAAS going up? Or down? Predict to see what others think: Up or Down
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