Monday, August 15, 2011

Equities research analysts at Brean Murray downgraded shares of Wonder Auto Technology Inc (NASDAQ: WATG) from a "buy" rating to a "hold" rating in a research note to investors on Monday.

Separately, analysts at Maxim Group downgraded shares of Wonder Auto Technology Inc from a "buy" rating to a "hold" rating in a research note to investors on Tuesday, May 17th. Also, analysts at Zacks Investment Research reiterated a "neutral" rating on shares of Wonder Auto Technology Inc in a research note to investors on Thursday, April 14th. They now have a $5.50 price target on the stock.

Shares of Wonder Auto Technology Inc traded flat at $5.42 during mid-day trading on Tuesday. Wonder Auto Technology Inc has a 52 week low of $4.86 and a 52 week high of $11.50. The stock's 50-day moving average is $5. and its 200-day moving average is $5.84. The company has a market cap of $183.5 million and a price-to-earnings ratio of 5.94.

Wonder Auto Technology, Inc. (WATG) is a manufacturer of automotive electric parts, suspension products and engine components in the People’s Republic of China. The products include alternators, starters, engine valves and tappets, and rods and shafts for use in shock absorber systems. The products are used in a range of passenger and commercial automobiles. WATG sells the products with the People’s Republic of China to original equipment manufacturers (OEMs), engine manufacturers and automotive parts suppliers. The customers include SAIC GM Wuling Automobile Co., Ltd., Beijing Hyundai Motor Company, Shenyang Aerospace Mitsubishi Motors Engine Co., Ltd., Harbin Dongan Automotive Engine Co., Ltd., Shanghai Volkswagen Co., Ltd., BYD Company Limited, Tianjin Toyota Co., Ltd., Ltd., Geely Automobile Co., Ltd. and Tianjin FAW Xiali Automobile Co., Ltd. The Company operates in four business segments: alternators, starters, rods and shafts, and engine valves and tappets.