Somewhat Favorable News Coverage Somewhat Unlikely to Impact SORL Auto Parts (SORL) Share Price
Press coverage about SORL Auto Parts (NASDAQ:SORL) has trended somewhat positive this week, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SORL Auto Parts earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave media headlines about the company an impact score of 47.0460523229869 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the headlines that may have impacted Accern’s rankings:
- SORL Auto Parts, Inc. (SORL) Rating Increased to Hold at Zacks Investment Research (americanbankingnews.com)
- Shares Seesawing on Volume: Sorl Auto Parts Inc (SORL) – FLBC News (flbcnews.com)
- Sorl Auto Parts Inc (SORL)’s MFI Reading Under The Lens – FLBC News (flbcnews.com)
- SORL Auto Parts, Inc. (SORL) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- SORL Auto Parts, Inc. (SORL) – Momentum Stock in Focus – Wall Street Morning (wallstreetmorning.com)
A number of research firms have recently weighed in on SORL. Zacks Investment Research lowered SORL Auto Parts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th. ValuEngine raised SORL Auto Parts from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd.
Shares of SORL Auto Parts (NASDAQ:SORL) traded up 1.76% during trading on Friday, hitting $4.62. The company had a trading volume of 166,822 shares. The stock’s 50-day moving average price is $6.31 and its 200 day moving average price is $5.44. The company has a market capitalization of $89.18 million, a P/E ratio of 3.66 and a beta of 1.57. SORL Auto Parts has a 52 week low of $2.40 and a 52 week high of $9.74.
SORL Auto Parts (NASDAQ:SORL) last posted its quarterly earnings data on Monday, August 14th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.33 by $0.02. SORL Auto Parts had a net margin of 7.90% and a return on equity of 14.49%. The business had revenue of $90.22 million for the quarter, compared to analysts’ expectations of $90.61 million. On average, equities research analysts forecast that SORL Auto Parts will post $1.26 earnings per share for the current year.
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About SORL Auto Parts
SORL Auto Parts, Inc, through its interests in the Ruili Group Ruian Auto Parts Co, Ltd., a Sino-foreign joint venture (Joint Venture), develops, manufactures and distributes automotive brake systems and other safety related auto parts to automotive original equipment manufacturers (OEMs), and the related aftermarket both in China and abroad.
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