Sorl Auto Parts (NASDAQ:SORL) Rating Lowered to Strong Sell at ValuEngine

Sorl Auto Parts (NASDAQ:SORL) was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Friday, ValuEngine reports.

SORL has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Sorl Auto Parts from a “sell” rating to a “hold” rating in a report on Tuesday, October 22nd. TheStreet downgraded shares of Sorl Auto Parts from a “c” rating to a “d+” rating in a report on Friday, August 16th.

Shares of NASDAQ SORL opened at $3.30 on Friday. The company has a current ratio of 1.07, a quick ratio of 0.73 and a debt-to-equity ratio of 0.02. Sorl Auto Parts has a 1 year low of $1.77 and a 1 year high of $4.08. The firm has a market capitalization of $65.04 million, a PE ratio of 2.68 and a beta of 2.48. The firm’s 50-day moving average is $3.23 and its 200-day moving average is $3.36.

Sorl Auto Parts (NASDAQ:SORL) last posted its quarterly earnings data on Thursday, November 14th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.04. Sorl Auto Parts had a net margin of 2.42% and a return on equity of 11.01%. The company had revenue of $112.23 million for the quarter, compared to the consensus estimate of $115.80 million. As a group, equities research analysts anticipate that Sorl Auto Parts will post 1.1 earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Sorl Auto Parts stock. Cable Hill Partners LLC increased its position in shares of Sorl Auto Parts, Inc. (NASDAQ:SORL) by 682.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,766 shares of the company’s stock after buying an additional 15,496 shares during the period. Cable Hill Partners LLC’s holdings in Sorl Auto Parts were worth $63,000 as of its most recent filing with the Securities and Exchange Commission. 5.45% of the stock is currently owned by institutional investors.

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.

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