Sorl Auto Parts (NASDAQ:SORL) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of Sorl Auto Parts (NASDAQ:SORL) from a sell rating to a strong sell rating in a report issued on Friday, ValuEngine reports.

Several other research analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Sorl Auto Parts from a sell rating to a hold rating in a research note on Tuesday, October 22nd. TheStreet lowered shares of Sorl Auto Parts from a c rating to a d+ rating in a research note on Friday, August 16th.

Shares of SORL stock traded down $0.04 on Friday, hitting $3.30. The stock had a trading volume of 96,000 shares, compared to its average volume of 33,944. The company has a fifty day moving average price of $3.23 and a two-hundred day moving average price of $3.36. The company has a current ratio of 1.07, a quick ratio of 0.73 and a debt-to-equity ratio of 0.02. Sorl Auto Parts has a twelve month low of $1.77 and a twelve month high of $4.08. The firm has a market cap of $65.04 million, a P/E ratio of 2.68 and a beta of 2.48.

Sorl Auto Parts (NASDAQ:SORL) last released its quarterly earnings data on Thursday, November 14th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. The company had revenue of $112.23 million for the quarter, compared to analyst estimates of $115.80 million. Sorl Auto Parts had a net margin of 2.42% and a return on equity of 11.01%. On average, analysts expect that Sorl Auto Parts 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 boosted its stake in Sorl Auto Parts, Inc. (NASDAQ:SORL) by 682.6% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 17,766 shares of the company’s stock after buying 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 SEC. Institutional investors and hedge funds own 5.45% 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.

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