SORL Auto Parts, Inc. (NASDAQ:SORL)’s share price traded down 7.3% during trading on Wednesday . The company traded as low as $4.05 and last traded at $4.07. 757,809 shares were traded during trading, an increase of 34% from the average session volume of 564,852 shares. The stock had previously closed at $4.39.

A number of equities analysts have recently commented on the stock. ValuEngine raised shares of SORL Auto Parts from a “buy” rating to a “strong-buy” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded shares of SORL Auto Parts from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 19th.

The stock has a market capitalization of $76.25 million, a PE ratio of 3.12 and a beta of 1.67. The stock’s 50-day moving average is $5.80 and its 200 day moving average is $5.50.

SORL Auto Parts (NASDAQ:SORL) last posted its quarterly earnings data on Monday, August 14th. The company reported $0.31 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.02. SORL Auto Parts had a return on equity of 14.49% and a net margin of 7.90%. The firm had revenue of $90.22 million for the quarter, compared to the consensus estimate of $90.61 million. On average, analysts predict that SORL Auto Parts, Inc. will post $1.26 earnings per share for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of SORL. AJO LP bought a new stake in SORL Auto Parts during the second quarter worth about $1,832,000. USA Financial Portformulas Corp bought a new stake in SORL Auto Parts during the second quarter worth about $296,000. California Public Employees Retirement System lifted its holdings in shares of SORL Auto Parts by 226.5% in the first quarter. California Public Employees Retirement System now owns 54,200 shares of the company’s stock worth $209,000 after acquiring an additional 37,600 shares during the last quarter. JPMorgan Chase & Co. bought a new position in shares of SORL Auto Parts in the second quarter worth about $225,000. Finally, MML Investors Services LLC bought a new position in shares of SORL Auto Parts in the second quarter worth about $214,000. 9.68% of the stock is owned by institutional investors and hedge funds.

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About SORL Auto Parts

SORL Auto Parts, Inc, through its interests in 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 (OEMs), and the related aftermarket both in China and abroad.

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