SORL Auto Parts (SORL) Raised to B- at TheStreet
SORL Auto Parts (NASDAQ:SORL) was upgraded by stock analysts at TheStreet from a “c+” rating to a “b-” rating in a research report issued to clients and investors on Wednesday.
Other equities analysts have also recently issued reports about the company. ValuEngine upgraded SORL Auto Parts from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research raised SORL Auto Parts from a “sell” rating to a “hold” rating in a report on Wednesday, August 30th. Finally, Greenridge Global set a $10.00 price objective on SORL Auto Parts and gave the stock a “buy” rating in a report on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, one has issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $8.75.
Shares of SORL Auto Parts (NASDAQ:SORL) opened at $7.37 on Wednesday. SORL Auto Parts has a 52-week low of $2.68 and a 52-week high of $9.74. The stock has a market cap of $134.55, a price-to-earnings ratio of 4.53 and a beta of 1.73.
SORL Auto Parts (NASDAQ:SORL) last issued its quarterly earnings data on Tuesday, November 14th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.26. SORL Auto Parts had a return on equity of 16.79% and a net margin of 8.54%. The business had revenue of $101.33 million for the quarter, compared to analysts’ expectations of $63.84 million. During the same period last year, the business earned $0.17 EPS. equities research analysts anticipate that SORL Auto Parts will post 1.58 earnings per share for the current year.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Navellier & Associates Inc boosted its stake in SORL Auto Parts by 19.3% in the second quarter. Navellier & Associates Inc now owns 67,285 shares of the company’s stock worth $449,000 after buying an additional 10,875 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in SORL Auto Parts in the second quarter valued at approximately $115,000. MML Investors Services LLC bought a new stake in SORL Auto Parts in the second quarter valued at approximately $214,000. JPMorgan Chase & Co. bought a new stake in SORL Auto Parts in the second quarter valued at approximately $225,000. Finally, Macquarie Group Ltd. bought a new stake in SORL Auto Parts in the third quarter valued at approximately $140,000. 7.66% of the stock is owned by institutional investors and hedge funds.
SORL Auto Parts Company Profile
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.
Receive News & Ratings for SORL Auto Parts Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SORL Auto Parts Inc. and related companies with MarketBeat.com's FREE daily email newsletter.