ValuEngine lowered shares of SORL Auto Parts (NASDAQ:SORL) from a hold rating to a sell rating in a research report released on Monday morning.
Separately, Zacks Investment Research downgraded SORL Auto Parts from a strong-buy rating to a hold rating in a report on Tuesday, January 23rd.
SORL Auto Parts opened at $5.25 on Monday, according to Marketbeat.com. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.99 and a current ratio of 1.18. The stock has a market cap of $102.70 million, a price-to-earnings ratio of 4.17 and a beta of 1.67. SORL Auto Parts has a 1 year low of $5.31 and a 1 year high of $5.56.
SORL Auto Parts (NASDAQ:SORL) last posted its quarterly earnings data on Tuesday, May 15th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.24. The firm had revenue of $107.73 million for the quarter, compared to the consensus estimate of $86.96 million. SORL Auto Parts had a return on equity of 12.95% and a net margin of 6.08%. During the same quarter in the previous year, the company earned $0.36 EPS. sell-side analysts expect that SORL Auto Parts will post 1.43 earnings per share for the current year.
Institutional investors and hedge funds have recently modified their holdings of the company. Two Sigma Securities LLC acquired a new position in shares of SORL Auto Parts in the 4th quarter valued at about $164,000. Two Sigma Investments LP acquired a new position in shares of SORL Auto Parts in the 4th quarter valued at about $221,000. Finally, Virtu Financial LLC acquired a new position in shares of SORL Auto Parts in the 4th quarter valued at about $656,000. Institutional investors own 8.83% of the company’s stock.
About SORL Auto Parts
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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