SORL Auto Parts, Inc. (SORL) Releases Quarterly Earnings Results, Beats Estimates By $0.26 EPS
SORL Auto Parts, Inc. (NASDAQ:SORL) issued its quarterly earnings data on Tuesday. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.26, RTT News reports. SORL Auto Parts had a return on equity of 14.49% and a net margin of 7.90%. During the same period in the previous year, the firm posted $0.17 earnings per share.
Shares of SORL Auto Parts (SORL) traded down $0.25 during trading on Wednesday, hitting $5.99. The company had a trading volume of 1,650,700 shares, compared to its average volume of 543,750. SORL Auto Parts has a 1 year low of $2.68 and a 1 year high of $9.74. The stock has a market cap of $120.46, a price-to-earnings ratio of 4.91 and a beta of 1.73.
SORL has been the subject of several analyst reports. ValuEngine cut SORL Auto Parts from a “strong-buy” rating to a “buy” rating in a report on Wednesday, October 25th. Zacks Investment Research raised SORL Auto Parts from a “sell” rating to a “hold” rating in a report on Friday, September 22nd.
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SORL Auto Parts, Inc, through its interests in the Ruili Group Ruian Auto Parts Co, Ltd., a Sino-foreign joint venture (Joint Venture), develops, manufactures and distributes automotive brake systems and other safety related auto parts to automotive original equipment manufacturers (OEMs), and the related aftermarket both in China and abroad.
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