China Automotive Systems Inc (NASDAQ: CAAS) stock enjoyed a major increase of 15.4% on 9/30/24. The shares closed at $4.60. Moreover, trading volume in this advance was exceptionally high at 643% of normal. Relative to the market the stock has been strong over the last nine months and has risen 28.1% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, CAAS is expected to be a Value Builder.
China Automotive Systems has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. China Automotive Systems has a slightly positive Power Rating of 61 and a very high Appreciation Score of 92, with the Highest Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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