SORL Auto Parts (SORL) Announces Quarterly Earnings Results, Beats Estimates By $0.24 EPS

SORL Auto Parts (NASDAQ:SORL) issued its quarterly earnings results on Tuesday. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.19 by $0.24, Fidelity Earnings reports. SORL Auto Parts had a return on equity of 13.04% and a net margin of 6.26%. During the same quarter in the previous year, the firm earned $0.36 earnings per share.

NASDAQ:SORL opened at $5.55 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.99 and a current ratio of 1.32. The company has a market capitalization of $101.16 million, a price-to-earnings ratio of 4.16 and a beta of 1.67. SORL Auto Parts has a 12-month low of $5.53 and a 12-month high of $5.56.

A number of large investors have recently added to or reduced their stakes in SORL. Virtu Financial LLC bought a new stake in SORL Auto Parts in the fourth quarter valued at approximately $656,000. Two Sigma Investments LP bought a new stake in SORL Auto Parts in the fourth quarter valued at approximately $221,000. Finally, Two Sigma Securities LLC bought a new stake in SORL Auto Parts in the fourth quarter valued at approximately $164,000. Hedge funds and other institutional investors own 8.83% of the company’s stock.

Several research analysts recently commented on the company. ValuEngine cut SORL Auto Parts from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Zacks Investment Research lowered SORL Auto Parts from a “hold” rating to a “strong sell” rating in a research note on Friday, April 6th.

About SORL Auto Parts

SORL Auto Parts, Inc, together with its subsidiaries, develops, manufactures, and distributes automotive brake systems and other safety related auto parts to automotive original equipment manufacturers and the related aftermarket in the People's Republic of China. It operates through two segments, Commercial Vehicles Brake Systems and Passenger Vehicles Brake Systems.

Earnings History for SORL Auto Parts (NASDAQ:SORL)

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