Sorl Auto Parts (NASDAQ:SORL) Rating Lowered to Strong Sell at ValuEngine

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ValuEngine lowered shares of Sorl Auto Parts (NASDAQ:SORL) from a sell rating to a strong sell rating in a research report report published on Tuesday, ValuEngine reports.

Separately, Zacks Investment Research lowered shares of Sorl Auto Parts from a buy rating to a hold rating in a report on Thursday, June 6th.

SORL stock opened at $3.28 on Tuesday. Sorl Auto Parts has a fifty-two week low of $1.77 and a fifty-two week high of $5.67. The company has a quick ratio of 0.74, a current ratio of 1.08 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $63.71 million, a P/E ratio of 2.67 and a beta of 2.46.

Sorl Auto Parts (NASDAQ:SORL) last posted its earnings results on Wednesday, May 15th. The company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.19. Sorl Auto Parts had a net margin of 2.70% and a return on equity of 11.63%. The firm had revenue of $136.22 million during the quarter, compared to analyst estimates of $117.69 million. Analysts predict that Sorl Auto Parts will post 1.17 earnings per share for the current year.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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