Sorl Auto Parts (SORL) Stock Rating Lowered by ValuEngine
Sorl Auto Parts (NASDAQ:SORL) was downgraded by research analysts at ValuEngine from a “strong-buy” rating to a “buy” rating in a report released on Tuesday.
SORL has been the subject of a number of other reports. TheStreet upgraded Sorl Auto Parts from a “c+” rating to a “b-” rating in a report on Wednesday, November 29th. Greenridge Global set a $10.00 price target on Sorl Auto Parts and gave the company a “buy” rating in a report on Monday, November 20th. Finally, Zacks Investment Research upgraded Sorl Auto Parts from a “hold” rating to a “strong-buy” rating and set a $7.50 price target for the company in a report on Friday, November 24th.
Shares of Sorl Auto Parts (NASDAQ:SORL) opened at $7.16 on Tuesday. Sorl Auto Parts has a twelve month low of $2.68 and a twelve month high of $9.74. The stock has a market capitalization of $137.07, a P/E ratio of 4.65 and a beta of 1.98.
Hedge funds and other institutional investors have recently modified their holdings of the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of Sorl Auto Parts in the 2nd quarter valued at approximately $115,000. MML Investors Services LLC bought a new stake in shares of Sorl Auto Parts in the 2nd quarter valued at approximately $214,000. JPMorgan Chase & Co. bought a new stake in shares of Sorl Auto Parts in the 2nd quarter valued at approximately $225,000. Macquarie Group Ltd. bought a new stake in shares of Sorl Auto Parts in the 3rd quarter valued at approximately $140,000. Finally, USA Financial Portformulas Corp bought a new stake in shares of Sorl Auto Parts in the 2nd quarter valued at approximately $296,000. Institutional investors and hedge funds own 7.74% of the company’s stock.
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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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