SORL Auto Parts (SORL) Downgraded to Strong Sell at ValuEngine

SORL Auto Parts (NASDAQ:SORL) was downgraded by equities researchers at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Monday.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of SORL Auto Parts from a “sell” rating to a “hold” rating in a report on Wednesday, June 6th. TheStreet downgraded shares of SORL Auto Parts from a “b-” rating to a “c” rating in a report on Wednesday, May 16th.

Shares of SORL Auto Parts traded up $0.24, hitting $5.07, during midday trading on Monday, according to MarketBeat. 134,789 shares of the company traded hands, compared to its average volume of 240,799. SORL Auto Parts has a 52 week low of $3.70 and a 52 week high of $8.70. The company has a market capitalization of $93.24 million, a PE ratio of 4.02 and a beta of 1.72. The company has a quick ratio of 0.97, a current ratio of 1.18 and a debt-to-equity ratio of 0.15.

SORL Auto Parts (NASDAQ:SORL) last released its quarterly earnings data on Tuesday, May 15th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.19 by $0.24. SORL Auto Parts had a net margin of 6.08% and a return on equity of 12.95%. The business had revenue of $107.73 million during the quarter, compared to the consensus estimate of $86.96 million. During the same quarter in the prior year, the firm earned $0.36 EPS. sell-side analysts expect that SORL Auto Parts will post 1.44 earnings per share for the current year.

Several large investors have recently made changes to their positions in the stock. Two Sigma Securities LLC bought a new position in shares of SORL Auto Parts in the 4th quarter valued at about $164,000. Two Sigma Investments LP bought a new position in shares of SORL Auto Parts in the 4th quarter valued at about $221,000. Finally, Virtu Financial LLC bought a new position in shares of SORL Auto Parts in the 4th quarter valued at about $656,000. 7.02% of the stock is owned by hedge funds and other institutional investors.

SORL Auto Parts Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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