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China Automotive Techniques, which belongs to the Zacks Automotive – Original Equipment business, posted revenues of $114.forty two million for the quarter ended September 2020, surpassing the Zacks Consensus Estimate by four.22%. This compares to yr-in the past revenues of $100.fifty four million. The corporate has topped consensus revenue estimates two instances over the last 4 quarters.
Forward of this earnings release, the estimate revisions pattern for China Automotive Methods was unfavorable. While the magnitude and route of estimate revisions may change following the corporate’s simply-launched earnings report, the current standing interprets into a Zacks Rank #four (Sell) for the inventory. So, the shares are anticipated to underperform the market in the near future. You may see the whole list of at the moment’s Zacks #1 Rank (Robust Buy) shares here.
We can see that Personal Corporations own 34%, of the shares on problem. It’s exhausting to attract any conclusions from this truth alone, so its price looking into who owns these private corporations. Sometimes insiders or different related parties have an interest in shares in a public firm via a separate personal company.
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