Sorl Auto Parts (SORL) Releases Quarterly Earnings Results, Beats Estimates By $0.03 EPS
Sorl Auto Parts (NASDAQ:SORL) posted its quarterly earnings results on Friday. The company reported $0.14 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.11 by $0.03, Stock Ratings Network.com reports.
Shares of Sorl Auto Parts (NASDAQ:SORL) opened at 2.93 on Friday. Sorl Auto Parts has a one year low of $2.52 and a one year high of $5.37. The stock has a 50-day moving average of $3.34 and a 200-day moving average of $4.0. The company has a market cap of $56.6 million and a P/E ratio of 6.12.
On a related note, analysts at Zacks downgraded shares of Sorl Auto Parts to a “neutral” rating in a research note on Monday, April 14th. They now have a $3.60 price target on the stock.
SORL Auto Parts, Inc, through its 90% ownership of the Ruili Group Ruian Auto Parts Co, Ltd., a Sino-foreign joint venture (NASDAQ:SORL), develops, manufactures and distributes automotive air brake systems, air controlling systems and other related components to automotive original equipment manufacturers (OEMs), and the related aftermarket both in China and internationally.
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