CAAS - China Automotive Systems. Goes Unnoticed For Too Long
2024-05-24 05:30:56 ET
Summary
- China Automotive System stock is cheap and unnoticed, facing political and economic challenges hindering sales.
- CAAS stock has shown positive momentum recently due to China's strategies and investments in domestic vehicle makers.
- The company's financial 2023 performance was positive, with record net sales and diluted net income per share but Q1 '24 was a disappointing report.
A Stock in Drive
China Automotive Systems, Inc. ( CAAS ) stock is a victim of China's New Electric Vehicle and automotive sales industry success . This small company with a $108.97M market cap has been unnoticed for too long. The stock hit a high of $9.61 per share in early 2023. Subsequently, bad news disappointed investors in the EV industry, compounded by political and economic headwinds that undercut the stock's momentum. 12 months later, CAAS shares closed just above $3....
China Automotive Systems. Goes Unnoticed For Too Long