Sorl Auto Parts (NASDAQ:SORL) was downgraded by stock analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued on Monday.
Several other analysts also recently weighed in on the company. Zacks Investment Research upgraded Sorl Auto Parts from a “sell” rating to a “hold” rating in a research note on Wednesday, June 6th. TheStreet downgraded Sorl Auto Parts from a “b-” rating to a “c” rating in a research note on Wednesday, May 16th.
Shares of Sorl Auto Parts opened at $4.91 on Monday, MarketBeat reports. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.18 and a quick ratio of 0.97. The stock has a market cap of $90.15 million, a PE ratio of 3.80 and a beta of 1.72. Sorl Auto Parts has a 1-year low of $3.70 and a 1-year high of $8.70.
Sorl Auto Parts (NASDAQ:SORL) last announced its earnings results on Tuesday, May 15th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.24. The company had revenue of $107.73 million during the quarter, compared to the consensus estimate of $86.96 million. Sorl Auto Parts had a return on equity of 12.95% and a net margin of 6.08%. During the same period last year, the firm earned $0.36 earnings per share. analysts predict that Sorl Auto Parts will post 1.44 EPS for the current fiscal year.
An institutional investor recently bought a new position in Sorl Auto Parts stock. Two Sigma Securities LLC purchased a new position in shares of Sorl Auto Parts, Inc. (NASDAQ:SORL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 24,414 shares of the company’s stock, valued at approximately $164,000. Two Sigma Securities LLC owned about 0.13% of Sorl Auto Parts as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors own 7.02% of the company’s stock.
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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