Sorl Auto Parts (SORL) Releases Quarterly Earnings, Beats Expectations By $0.04 EPS
Sorl Auto Parts (NASDAQ:SORL) issued its quarterly earnings data on Thursday. The company reported $0.21 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.17 by $0.04, AnalystRatings.Net reports. The company had revenue of $65.70 million for the quarter, compared to the consensus estimate of $60.41 million.
Shares of Sorl Auto Parts (NASDAQ:SORL) traded up 7.56% during mid-day trading on Thursday, hitting $3.84. The stock had a trading volume of 102,462 shares. Sorl Auto Parts has a one year low of $2.73 and a one year high of $5.37. The stock has a 50-day moving average of $3.3 and a 200-day moving average of $3.69. The company has a market cap of $74.1 million and a P/E ratio of 6.32.
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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