SORL Auto Parts, Inc. (SORL) Announces Quarterly Earnings Results
SORL Auto Parts, Inc. (NASDAQ:SORL) issued its earnings results on Wednesday. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.26, RTT News reports. SORL Auto Parts had a return on equity of 17.35% and a net margin of 8.54%. During the same period last year, the company earned $0.17 earnings per share.
Shares of SORL Auto Parts (NASDAQ:SORL) opened at $6.91 on Friday. The firm has a market capitalization of $139.19, a P/E ratio of 4.68 and a beta of 1.73. SORL Auto Parts has a 52 week low of $2.68 and a 52 week high of $9.74.
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A number of analysts have recently weighed in on SORL shares. ValuEngine lowered SORL Auto Parts from a “strong-buy” rating to a “buy” rating in a research note on Thursday, September 7th. Zacks Investment Research raised SORL Auto Parts from a “sell” rating to a “hold” rating in a research note on Friday, September 22nd.
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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