Somewhat Favorable Media Coverage Extremely Likely to Impact SORL Auto Parts (NASDAQ:SORL) Stock Price
Press coverage about SORL Auto Parts (NASDAQ:SORL) has been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive news 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 nearest to one being the most favorable. SORL Auto Parts earned a coverage optimism score of 0.01 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 100 out of 100, indicating that recent news coverage is extremely likely to have an effect on the stock’s share price in the near future.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Exxon Mobil Corporation (NYSE:XOM) Stake Cut by Foothills Asset Management Ltd. (ismboard.com)
- Head to Head Analysis: China Automotive Systems (CAAS) & SORL Auto Parts (SORL) (americanbankingnews.com)
- SORL Auto Parts, Inc. (SORL) to Release Quarterly Earnings on Monday (americanbankingnews.com)
- Negative Ichimoku Levels For Sorl Auto Parts Inc (SORL) Indicate Bearish Momentum – Evergreen Caller (evergreencaller.com)
- Share Performance in View for SORL Auto Parts, Inc. (NASDAQ … – Jonesboro Recorder (jonesbororecorder.com)
Shares of SORL Auto Parts (SORL) traded up 1.90% during mid-day trading on Tuesday, reaching $6.99. 380,430 shares of the company traded hands. SORL Auto Parts has a 52 week low of $1.76 and a 52 week high of $9.74. The stock’s 50-day moving average is $7.19 and its 200-day moving average is $5.09. The company has a market capitalization of $134.93 million, a P/E ratio of 5.25 and a beta of 1.57.
SORL Auto Parts (NASDAQ:SORL) last issued 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. The business had revenue of $73.90 million during the quarter, compared to the consensus estimate of $71.76 million. SORL Auto Parts had a net margin of 8.80% and a return on equity of 15.84%. During the same period in the previous year, the firm posted $0.02 earnings per share. On average, equities analysts predict that SORL Auto Parts will post $1.29 EPS for the current fiscal year.
Several brokerages recently issued reports on SORL. Zacks Investment Research cut shares of SORL Auto Parts from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 19th. ValuEngine raised shares of SORL Auto Parts from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 2nd.
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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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