SORL Auto Parts, Inc. (SORL) Stock Rating Upgraded by ValuEngine
SORL Auto Parts, Inc. (NASDAQ:SORL) was upgraded by ValuEngine from a “buy” rating to a “strong-buy” rating in a research note issued to investors on Tuesday.
Separately, Zacks Investment Research upgraded SORL Auto Parts from a “sell” rating to a “hold” rating in a research report on Thursday, September 7th.
Shares of SORL Auto Parts (SORL) opened at 5.20 on Tuesday. The firm has a 50-day moving average of $4.31 and a 200-day moving average of $5.75. SORL Auto Parts has a one year low of $2.68 and a one year high of $9.74. The firm has a market capitalization of $100.38 million, a P/E ratio of 4.11 and a beta of 1.66.
SORL Auto Parts (NASDAQ:SORL) last announced its quarterly earnings data on Monday, August 14th. The company reported $0.31 EPS for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.02). The firm had revenue of $90.22 million during the quarter, compared to analyst estimates of $90.61 million. SORL Auto Parts had a return on equity of 14.49% and a net margin of 7.90%. On average, equities analysts predict that SORL Auto Parts will post $1.26 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in SORL. California Public Employees Retirement System increased its position in 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 purchasing an additional 37,600 shares during the period. JPMorgan Chase & Co. acquired a new stake in SORL Auto Parts in the second quarter worth about $225,000. AJO LP acquired a new stake in SORL Auto Parts in the second quarter worth about $1,832,000. MML Investors Services LLC acquired a new stake in SORL Auto Parts in the second quarter worth about $214,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in SORL Auto Parts in the second quarter worth about $115,000. Hedge funds and other institutional investors own 9.68% of the company’s stock.
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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