SORL Auto Parts Inc. (SORL) Sets New 52-Week High at $4.54
SORL Auto Parts Inc. (NASDAQ:SORL)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as $4.54 and last traded at $4.29, with a volume of 1,321,860 shares trading hands. The stock had previously closed at $3.80.
Separately, Zacks Investment Research raised shares of SORL Auto Parts from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a research note on Thursday, August 25th.
The company has a market capitalization of $83.39 million, a price-to-earnings ratio of 5.33 and a beta of 1.55. The stock’s 50 day moving average is $2.56 and its 200 day moving average is $1.94.
SORL Auto Parts (NASDAQ:SORL) last announced its quarterly earnings data on Monday, August 15th. The company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.19. SORL Auto Parts had a net margin of 6.82% and a return on equity of 7.78%. The business earned $73.50 million during the quarter, compared to analyst estimates of $57.71 million. During the same period last year, the firm posted $0.12 EPS. Equities research analysts anticipate that SORL Auto Parts Inc. will post $0.75 EPS for the current year.
SORL Auto Parts Company Profile
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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