Extremely important negative changes in investment behavior have recently occurred for China Automotive Systems Inc (NASDAQ: CAAS): negative upside/downside volume developed, its shorter term price trend turned down, and the stock fell on very heavy volume.
China Automotive Systems Inc (NASDAQ: CAAS). Marginal negative changes in fundamentals have recently occurred: significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
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 68 and a very high Appreciation Score of 93, resulting in the Highest Value Trend Rating.
Recent Price Action
China Automotive Systems Inc (NASDAQ: CAAS) stock suffered a large decline of -6.9% on 12/17/24. The stock closed at $3.90. Moreover, exceptionally high trading volume at 223% of normal accompanied the decline. The stock has been strong relative to the market over the last nine months but has declined -13.3% during the last week.
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