Greenridge Global set a $10.00 price objective on SORL Auto Parts, Inc. (NASDAQ:SORL) in a research report released on Monday morning. The brokerage currently has a buy rating on the stock.

SORL has been the subject of several other research reports. ValuEngine cut SORL Auto Parts from a strong-buy rating to a buy rating in a research report on Wednesday, October 25th. Zacks Investment Research cut SORL Auto Parts from a hold rating to a sell rating in a research report on Thursday, August 24th.

Shares of SORL Auto Parts (NASDAQ:SORL) opened at $6.43 on Monday. The firm has a market capitalization of $126.25, a price-to-earnings ratio of 4.25 and a beta of 1.73. SORL Auto Parts has a one year low of $2.68 and a one year high of $9.74.

SORL Auto Parts (NASDAQ:SORL) last released its quarterly earnings data on Tuesday, November 14th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.26. The business had revenue of $101.33 million during the quarter, compared to analyst estimates of $63.84 million. SORL Auto Parts had a return on equity of 16.79% and a net margin of 8.54%. During the same period last year, the company posted $0.17 EPS. sell-side analysts anticipate that SORL Auto Parts will post 1.11 EPS for the current year.

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Institutional investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd acquired a new stake in shares of SORL Auto Parts in the second quarter worth $115,000. Macquarie Group Ltd. acquired a new stake in shares of SORL Auto Parts in the third quarter worth $140,000. California Public Employees Retirement System boosted its position in shares of SORL Auto Parts by 226.5% in the first quarter. California Public Employees Retirement System now owns 54,200 shares of the company’s stock worth $209,000 after buying an additional 37,600 shares during the period. MML Investors Services LLC acquired a new stake in shares of SORL Auto Parts in the second quarter worth $214,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of SORL Auto Parts in the second quarter worth $225,000. 9.05% of the stock is owned by institutional investors and hedge funds.

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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