The 80 rating InvestorsObserver gives to China Automotive Systems, Inc. (CAAS) stock puts it near the top of the Auto Parts industry. In addition to scoring higher than 100 percent of stocks in the Auto Parts industry, CAAS’s 80 overall rating means the stock scores better than 80 percent of all stocks.
What do These Ratings Mean?
Searching for the best stocks to invest in can be difficult. There are thousands of options and it can be confusing on what actually constitutes a great value. Investors Observer allows you to choose from eight unique metrics to view the top industries and the best performing stocks in that industry. A score of 80 would rank higher than 80 percent of all stocks.
These scores are not only easy to understand, but it is easy to compare stocks to each other. You can find the best stock in an industry, or look for the sector that has the highest average score. The overall score is a combination of technical and fundamental factors that serves as a good starting point when analyzing a stock. Traders and investors with different goals may have different goals and will want to consider other factors than just the headline number before making any investment decisions.
What's Happening With China Automotive Systems, Inc. Stock Today?
China Automotive Systems, Inc. (CAAS) stock is trading at $2.94 as of 11:49 AM on Tuesday, Jun 30, an increase of $0.21, or 7.9% from the previous closing price of $2.72. The stock has traded between $2.70 and $3.06 so far today. Volume today is above average. So far 228,472 shares have traded compared to average volume of 131,125 shares.