SORL Auto Parts Inc. (NASDAQ:SORL) has earned an average 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. SORL Auto Parts’ rating score has declined by 200% in the last 90 days as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a twelve-month consensus price objective of $4.50 for the company and are forecasting that the company will post $0.16 earnings per share for the current quarter, according to Zacks. Zacks has also given SORL Auto Parts an industry rank of 56 out of 265 based on the ratings given to its competitors.
SORL has been the topic of several recent analyst reports. Zacks Investment Research raised shares of SORL Auto Parts from a “hold” rating to a “buy” rating and set a $2.00 target price on the stock in a research note on Thursday, June 9th. Greenridge Global cut shares of SORL Auto Parts from a “buy” rating to a “hold” rating and set a $4.50 price target on the stock. in a report on Wednesday, September 21st.
Shares of SORL Auto Parts (NASDAQ:SORL) traded up 1.5165% during mid-day trading on Wednesday, hitting $4.0099. The stock had a trading volume of 150,258 shares. SORL Auto Parts has a one year low of $1.39 and a one year high of $4.85. The firm’s 50 day moving average price is $3.13 and its 200-day moving average price is $2.10. The company has a market cap of $77.41 million, a PE ratio of 4.9505 and a beta of 1.50.
SORL Auto Parts (NASDAQ:SORL) last announced its earnings results on Monday, August 15th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.19. SORL Auto Parts had a net margin of 6.82% and a return on equity of 7.78%. The company had revenue of $73.50 million for the quarter, compared to the consensus estimate of $57.71 million. During the same period in the previous year, the business earned $0.12 EPS. On average, equities research analysts anticipate that SORL Auto Parts will post $0.75 earnings per share for the current fiscal year.
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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