|Bid||4.4400 x 900|
|Ask||4.4800 x 1200|
|Day's Range||4.3100 - 4.8300|
|52 Week Range||1.6100 - 13.6900|
|Beta (5Y Monthly)||3.23|
|PE Ratio (TTM)||N/A|
|Earnings Date||Mar 30, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Jun 24, 2014|
|1y Target Est||5.00|
China Automotive Systems, Inc. (Nasdaq: CAAS) ("CAAS" or the "Company"), a leading power steering components and systems supplier in China, today announced that its joint venture, Brazil Henglong, expects an approximate 200% increase in its steering unit sales to its OEM customers in South America, primarily to Stellantis N.V., for the 2021 year.
If the outbreak of COVID-19 is not effectively and timely controlled, our business operations and financial condition may be materially and adversely affected as a result of the deteriorating market outlook for automobile sales, the slowdown in regional and national economic growth, weakened liquidity and financial condition of our customers or other factors that we cannot foresee. In November 2020, overall automobile sales were up 12.6% year over year, with passenger vehicle sales 11.6% higher and commercial vehicle sales 18% above last year's November numbers.
China Automotive Systems (CAAS) delivered earnings and revenue surprises of 0.00% and 26.37%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?