China Automotive Systems Inc. CAAS was a big mover last session, as the company saw its shares rise roughly 11% on the day. The move came on solid volume with far more shares changing hands than in a normal session. This reverses the recent trend of the company as the stock is now down 10.1% in the past one-month time frame.
None of the estimates for this auto industry stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
China Automotive Systems has a Zacks Rank #5 (Strong Sell), while its Earnings ESP is 0.00%.
However, a better-ranked stock in the same space is Meritor, Inc. MTOR, sporting a Zacks Rank #1 (Strong Buy).
Is CAAS going up? Or down? Predict to see what others think: Up or Down
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