Sorl Auto Parts Sees Unusually Large Options Volume (SORL)

Sorl Auto Parts, Inc. (NASDAQ:SORL) saw unusually large options trading activity on Wednesday. Stock investors bought 840 put options on the stock. This is an increase of 937% compared to the average volume of 81 put options.

Sorl Auto Parts (NASDAQ SORL) opened at $6.47 on Monday. Sorl Auto Parts has a one year low of $2.68 and a one year high of $9.74. The company has a market cap of $121.62, a price-to-earnings ratio of 4.20 and a beta of 1.98.

Sorl Auto Parts (NASDAQ:SORL) last issued its earnings results on Tuesday, November 14th. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.18 by $0.26. Sorl Auto Parts had a net margin of 8.54% and a return on equity of 16.79%. The company had revenue of $101.33 million for the quarter, compared to the consensus estimate of $63.84 million. During the same period in the previous year, the firm earned $0.17 earnings per share. analysts predict that Sorl Auto Parts will post 1.58 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Allianz Asset Management GmbH purchased a new position in shares of Sorl Auto Parts in the third quarter worth $421,000. Navellier & Associates Inc increased its stake in shares of Sorl Auto Parts by 19.3% in the second quarter. Navellier & Associates Inc now owns 67,285 shares of the company’s stock worth $449,000 after buying an additional 10,875 shares during the period. USA Financial Portformulas Corp purchased a new position in shares of Sorl Auto Parts in the second quarter worth $296,000. Macquarie Group Ltd. purchased a new position in Sorl Auto Parts during the 3rd quarter valued at $140,000. Finally, JPMorgan Chase & Co. purchased a new position in Sorl Auto Parts during the 2nd quarter valued at $225,000. 8.28% of the stock is currently owned by institutional investors.

Several research analysts recently commented on SORL shares. Zacks Investment Research raised shares of Sorl Auto Parts from a “sell” rating to a “hold” rating in a research note on Tuesday, October 24th. ValuEngine raised shares of Sorl Auto Parts from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 10th. Greenridge Global set a $10.00 target price on shares of Sorl Auto Parts and gave the stock a “buy” rating in a research note on Monday, November 20th. Finally, TheStreet raised shares of Sorl Auto Parts from a “c+” rating to a “b-” rating in a research note on Wednesday, November 29th.

COPYRIGHT VIOLATION NOTICE: “Sorl Auto Parts Sees Unusually Large Options Volume (SORL)” was published by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this piece on another publication, it was illegally copied and republished in violation of U.S. and international copyright laws. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2018/01/29/sorl-auto-parts-sees-unusually-large-options-volume-sorl.html.

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.

Receive News & Ratings for Sorl Auto Parts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sorl Auto Parts and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply