SORL Auto Parts, Inc. (NASDAQ:SORL) has been given an average broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Analysts have set a 12 month consensus price objective of $8.00 for the company and are expecting that the company will post $0.33 EPS for the current quarter, according to Zacks. Zacks has also given SORL Auto Parts an industry rank of 88 out of 265 based on the ratings given to its competitors.
A number of research analysts recently commented on the company. ValuEngine raised SORL Auto Parts from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd. Zacks Investment Research cut SORL Auto Parts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th.
A number of hedge funds have recently bought and sold shares of SORL. MML Investors Services LLC acquired a new stake in SORL Auto Parts during the second quarter valued at about $214,000. AJO LP acquired a new stake in SORL Auto Parts during the second quarter valued at about $1,832,000. JPMorgan Chase & Co. acquired a new stake in SORL Auto Parts during the second quarter valued at about $225,000. California Public Employees Retirement System raised its stake in 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 valued at $209,000 after buying an additional 37,600 shares during the last quarter. Finally, Renaissance Technologies LLC raised its stake in SORL Auto Parts by 234.0% in the fourth quarter. Renaissance Technologies LLC now owns 156,000 shares of the company’s stock valued at $474,000 after buying an additional 109,300 shares during the last quarter. Institutional investors and hedge funds own 6.31% of the company’s stock.
Shares of SORL Auto Parts (NASDAQ:SORL) opened at 6.97 on Friday. The firm has a market cap of $134.55 million, a P/E ratio of 5.23 and a beta of 1.57. The company’s 50 day moving average price is $7.21 and its 200 day moving average price is $5.23. SORL Auto Parts has a 12-month low of $2.00 and a 12-month high of $9.74.
SORL Auto Parts (NASDAQ:SORL) last released its earnings results on Monday, May 15th. The company reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.21. The business had revenue of $73.90 million for the quarter, compared to analysts’ expectations of $71.76 million. SORL Auto Parts had a return on equity of 15.84% and a net margin of 8.80%. During the same quarter in the prior year, the firm earned $0.02 earnings per share. Equities research analysts forecast that SORL Auto Parts will post $1.29 EPS for the current year.
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.
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