NEW YORK ( TheStreet) -- Shares of China Automotive Systems (Nasdaq: CAAS) have taken a tremendous swing upward. The stock is trading at $10.20 as of 10:06 a.m. ET, 25.3% above Thursday's closing price of $8.14. Volume is at 489,110, 2.1 times the daily average of 233,900.

China Automotive Systems has a market cap of $227 million and is part of the consumer goods sector and automotive industry. Shares are down 40.1% year to date as of the close of trading on Thursday.

China Automotive Systems, Inc., through its interests in Sino-foreign joint ventures, engages in the manufacture and sale of power steering systems and other component parts for the automotive industry in the People's Republic of China. The company has a P/E ratio of 7.8, equal to the average automotive industry P/E ratio and below the S&P 500 P/E ratio of 16.8.

TheStreet Ratings rates China Automotive Systems as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, a generally disappointing performance in the stock itself and poor profit margins. You can view the full China Automotive Systems Ratings Report.

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