China Automotive Systems, Inc. (CAAS) stock is higher by 31.39% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With CAAS Stock Today?
China Automotive Systems, Inc. (CAAS) stock is higher by 14.45% while the S&P 500 has fallen -0.56% as of 10:25 AM on Monday, Jun 22. CAAS has risen $0.37 from the previous closing price of $2.56 on volume of 455,313 shares. Over the past year the S&P 500 is higher by 5.17% while CAAS has risen 26.29%. CAAS earned $0.32 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 9.32.
To see the top 5 stocks in the Auto Parts industry click here.
More About China Automotive Systems, Inc.
China Automotive Systems Inc is a holding company. The firm through its subsidiary is a supplier of power steering systems and components to China automotive industry. Its product offering encompasses a full range of auto parts incorporated into steering systems for both passenger automobiles and commercial vehicles. The company offers four separate series, more than 300 models of power steering including rack and pinion power steering, integral power steering, electronic power steering and manual steering, steering columns, steering oil pumps, and steering hoses. Geographically, it derives a majority of revenue from China.
