Sorl Auto Parts (NASDAQ:SORL) was downgraded by investment analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a report issued on Tuesday, ValuEngine reports.

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.

Sorl Auto Parts (NASDAQ:SORL) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.06. Sorl Auto Parts had a net margin of 2.42% and a return on equity of 11.01%. The business had revenue of $139.37 million during the quarter, compared to analyst estimates of $120.73 million. During the same period in the prior year, the business earned $0.35 EPS. Analysts anticipate that Sorl Auto Parts will post 1.1 EPS for the current fiscal year.

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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