Hot Stocks Watch List: China Automotive (NASDAQ:CAAS), UTStarcom (NASDAQ:UTSI)

China Automotive Systems, Inc (NASDAQ:CAAS) announced on Wednesday that fiscal Q4 net income was $5.1 million or $0.18 a share, evaluated against net income of $6.0 million or $0.19 a share in the similar period previous yera.

Quarterly net sales moved up by 7.5 percent to $101.5 million, evaluated against $94.4 million in the similar period a year ago.

At the current trading session, China Automotive Systems, Inc (NASDAQ:CAAS) shares are down -4.66% to $4.91 while the stocks are trading within the range of $4.90 – $5.15. In the past year, the stock has traded within a range of $3.51 – $7.29. The current session’s volume of 24,024.00 shares is lower from their average daily trading volume of 43,320.00 shares.

Shares of UTStarcom Holdings Corp (NASDAQ:UTSI) moved up around 23%. Shareholder Shah Capital Management on Wednesday offered to acquire the Beijing, China based company’s outstanding shares for $3.20 a share in an agreement that would be financed with debt and equity, as shown in the filing with the Securities and Exchange Commission.

UTStarcom Holdings Corp (NASDAQ:UTSI) shares are up +19.47% to $2.82 while the stock is trading within the range of $2.78 – $2.94 in the current trading session. In the last 12 months the shares have traded between $2.05 and $4.50. The current session’s volume of 389,664.00 shares is higher from their average daily trading volume of 63,430.00 shares.

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