Shares of SORL Auto Parts, Inc. (NASDAQ:SORL) have been given a consensus broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Brokerages have set a 12 month consensus target price of $4.50 for the company and are anticipating that the company will post $0.19 earnings per share for the current quarter, according to Zacks. Zacks has also given SORL Auto Parts an industry rank of 184 out of 265 based on the ratings given to its competitors.
A number of equities research analysts have issued reports on SORL shares. Greenridge Global downgraded shares of SORL Auto Parts from a “buy” rating to a “hold” rating and set a $4.50 price objective for the company. in a research report on Wednesday, September 21st. Zacks Investment Research downgraded shares of SORL Auto Parts from a “buy” rating to a “hold” rating in a research report on Saturday, October 29th.
Shares of SORL Auto Parts (NASDAQ:SORL) opened at 3.01 on Monday. SORL Auto Parts has a 12 month low of $1.39 and a 12 month high of $5.05. The firm’s 50-day moving average is $3.41 and its 200 day moving average is $3.24. The firm has a market capitalization of $58.11 million, a P/E ratio of 3.45 and a beta of 1.58.
SORL Auto Parts (NASDAQ:SORL) last issued its quarterly earnings data on Monday, November 14th. The company reported $0.17 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.01. SORL Auto Parts had a net margin of 6.83% and a return on equity of 8.82%. The business earned $61.90 million during the quarter, compared to the consensus estimate of $51.13 million. During the same period in the prior year, the firm posted $0.11 EPS. On average, equities research analysts anticipate that SORL Auto Parts will post $0.75 EPS for the current year.
A hedge fund recently bought a new stake in SORL Auto Parts stock. KCG Holdings Inc. bought a new position in shares of SORL Auto Parts, Inc. (NASDAQ:SORL) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 36,152 shares of the company’s stock, valued at approximately $137,000. KCG Holdings Inc. owned approximately 0.19% of SORL Auto Parts at the end of the most recent reporting period. Institutional investors own 4.82% of the company’s stock.
About SORL Auto Parts
SORL Auto Parts, Inc is a China-based Company through its 90% ownership of 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 (OEM), and the related aftermarket both in China and abroad.
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