SORL Auto Parts (NASDAQ:SORL) Earning Somewhat Favorable News Coverage, Study Finds

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News articles about SORL Auto Parts (NASDAQ:SORL) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SORL Auto Parts earned a news impact score of 0.09 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.5725951261488 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

Several analysts have recently issued reports on SORL shares. Zacks Investment Research downgraded SORL Auto Parts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th. ValuEngine upgraded SORL Auto Parts from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd.

SORL Auto Parts (NASDAQ SORL) traded up 8.57% during mid-day trading on Friday, hitting $6.97. The stock had a trading volume of 504,882 shares. SORL Auto Parts has a 52 week low of $2.00 and a 52 week high of $9.74. The stock’s 50-day moving average is $7.21 and its 200 day moving average is $5.23. The company has a market capitalization of $134.55 million, a P/E ratio of 5.23 and a beta of 1.57.

SORL Auto Parts (NASDAQ:SORL) last posted its quarterly earnings results on Monday, May 15th. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.21. SORL Auto Parts had a return on equity of 15.84% and a net margin of 8.80%. The business had revenue of $73.90 million during the quarter, compared to analysts’ expectations of $71.76 million. During the same quarter last year, the company posted $0.02 earnings per share. Equities analysts forecast that SORL Auto Parts will post $1.29 earnings per share for the current fiscal year.

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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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