Zacks Investment Research cut shares of SORL Auto Parts, Inc. (NASDAQ:SORL) from a hold rating to a sell rating in a research report released on Thursday morning.

According to Zacks, “Sorl Auto Parts specializes in the development, production and distribution of air brake valves and hydraulic brake valves. It is headquartered in the Ruian District of Wenzhou City, China’s automotive manufacturing center. SORL sells its products to forty-two vehicle manufacturers, including all of the truck manufacturers in China. SORL’s customer base consists of original equipment manufacturers, aftermarket distributors, and international customers. “

Separately, 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 down 4.26% during midday trading on Thursday, hitting $4.49. 479,610 shares of the stock traded hands. SORL Auto Parts has a 1-year low of $2.01 and a 1-year high of $9.74. The firm has a market cap of $86.67 million, a P/E ratio of 3.55 and a beta of 1.57. The company has a 50-day moving average price of $6.78 and a 200-day moving average price of $5.38.

SORL Auto Parts (NASDAQ:SORL) last posted its quarterly earnings results on Monday, August 14th. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by $0.02. SORL Auto Parts had a net margin of 7.90% and a return on equity of 14.49%. The business had revenue of $90.22 million during the quarter, compared to the consensus estimate of $90.61 million. Analysts predict that SORL Auto Parts will post $1.26 EPS for the current year.

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A number of large investors have recently bought and sold shares of SORL. Navellier & Associates Inc boosted its stake in SORL Auto Parts by 19.3% in the second quarter. Navellier & Associates Inc now owns 67,285 shares of the company’s stock worth $449,000 after buying an additional 10,875 shares during the period. USA Financial Portformulas Corp acquired a new stake in SORL Auto Parts during the second quarter worth $296,000. Dynamic Technology Lab Private Ltd acquired a new stake in SORL Auto Parts during the second quarter worth $115,000. MML Investors Services LLC acquired a new stake in SORL Auto Parts during the second quarter worth $214,000. Finally, AJO LP acquired a new stake in SORL Auto Parts during the second quarter worth $1,832,000. Institutional investors and hedge funds own 6.31% of the company’s stock.

SORL Auto Parts Company Profile

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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