China Automotive Systems Climbs 9.9% (CAAS)

Shares of China Automotive Systems, Inc. CAAS are trading up 9.9% at $14.47 per share during the Tuesday afternoon trading session. The day's trading range for shares of China Automotive Systems, Inc has been between $13.44 and $14.60 per share. Analysts covering China Automotive Systems, Inc. (CAAS) stock give it a consensus price target of $21.50 per share. Trading volume for China Automotive Systems, Inc has been heavier than usual, with 570,000 shares having been traded today, more than double the daily average volume of 248,000 shares. China Automotive Systems, Inc is a leading supplier of power steering components and systems to the Chinese automotive industry, operating through nine Sino-foreign joint ventures. Read more from Benzinga's Company news.