Sorl Auto Parts, Inc. (NASDAQ:SORL)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $3.34 and traded as high as $3.14. Sorl Auto Parts shares last traded at $3.14, with a volume of 1,902 shares changing hands.
Several analysts have issued reports on the company. TheStreet lowered Sorl Auto Parts from a “c” rating to a “d+” rating in a report on Friday, August 16th. Zacks Investment Research lowered Sorl Auto Parts from a “hold” rating to a “sell” rating in a report on Wednesday, August 21st. Finally, ValuEngine raised Sorl Auto Parts from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd.
The company has a 50-day moving average price of $3.21 and a 200 day moving average price of $3.34. The firm has a market capitalization of $60.51 million, a PE ratio of 2.55 and a beta of 2.45. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.07 and a quick ratio of 0.73.
Sorl Auto Parts (NASDAQ:SORL) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.06. Sorl Auto Parts had a return on equity of 11.01% and a net margin of 2.42%. The business had revenue of $139.37 million for the quarter, compared to the consensus estimate of $120.73 million. During the same period in the previous year, the business earned $0.35 earnings per share. As a group, research analysts anticipate that Sorl Auto Parts, Inc. will post 1.1 earnings per share for the current year.
An institutional investor recently raised its position in Sorl Auto Parts stock. Cable Hill Partners LLC grew its holdings in Sorl Auto Parts, Inc. (NASDAQ:SORL) by 682.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,766 shares of the company’s stock after acquiring an additional 15,496 shares during the period. Cable Hill Partners LLC’s holdings in Sorl Auto Parts were worth $63,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors and hedge funds own 5.34% of the company’s stock.
Sorl Auto Parts Company Profile (NASDAQ:SORL)
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.
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