ValuEngine Downgrades Sorl Auto Parts (NASDAQ:SORL) to Strong Sell
Several other equities analysts have also recently issued reports on SORL. Zacks Investment Research cut shares of Sorl Auto Parts from a “hold” rating to a “sell” rating in a research report on Wednesday, August 21st. TheStreet lowered shares of Sorl Auto Parts from a “c” rating to a “d+” rating in a report on Friday, August 16th.
NASDAQ:SORL traded down $0.02 during trading hours on Tuesday, hitting $3.21. The company had a trading volume of 3,439 shares, compared to its average volume of 58,837. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.07 and a quick ratio of 0.73. The stock has a 50-day moving average price of $3.24 and a 200 day moving average price of $3.35. The company has a market capitalization of $61.95 million, a PE ratio of 2.61 and a beta of 2.42. Sorl Auto Parts has a 52 week low of $1.77 and a 52 week high of $4.45.
An institutional investor recently raised its position in Sorl Auto Parts stock. Cable Hill Partners LLC increased its position in Sorl Auto Parts, Inc. (NASDAQ:SORL) by 682.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,766 shares of the company’s stock after purchasing an additional 15,496 shares during the quarter. Cable Hill Partners LLC’s holdings in Sorl Auto Parts were worth $63,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors own 5.34% of the company’s stock.
About Sorl Auto Parts
SORL Auto Parts, Inc, together with its subsidiaries, develops, manufactures, and distributes automotive brake systems and other safety related auto parts to automotive original equipment manufacturers and the related aftermarket in the People's Republic of China. It operates through two segments, Commercial Vehicles Brake Systems and Passenger Vehicles Brake Systems.
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