SORL Auto Parts Inc. (SORL) Trading 2.2% Higher
Shares of SORL Auto Parts Inc. (NASDAQ:SORL) traded up 2.2% during trading on Friday . The stock traded as high as $2.40 and last traded at $2.31, with a volume of 290,864 shares changing hands. The stock had previously closed at $2.26.
Separately, Zacks Investment Research cut shares of SORL Auto Parts from a “buy” rating to a “hold” rating in a research note on Saturday, June 4th.
The company’s 50 day moving average is $1.87 and its 200-day moving average is $1.74. The company has a market cap of $44.40 million and a price-to-earnings ratio of 2.84.
SORL Auto Parts (NASDAQ:SORL) last announced its earnings results on Monday, August 15th. The company reported $0.37 EPS for the quarter, topping the consensus estimate of $0.18 by $0.19. The company had revenue of $73.50 million for the quarter, compared to the consensus estimate of $57.71 million. During the same period in the previous year, the firm posted $0.12 EPS. Equities analysts anticipate that SORL Auto Parts Inc. will post $0.61 EPS for the current fiscal year.
SORL Auto Parts, Inc is a China-based Company through its 90% ownership of the Ruili Group Ruian Auto Parts Co, Ltd., a Sino-foreign joint venture (Joint Venture), develops, manufactures and distributes automotive brake systems and other safety related auto parts to automotive original equipment manufacturers (OEM), and the related aftermarket both in China and abroad.
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