Media headlines about SORL Auto Parts (NASDAQ:SORL) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. SORL Auto Parts earned a daily sentiment score of 0.23 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.3696831020134 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Shares of SORL Auto Parts (NASDAQ SORL) traded down 1.35% during midday trading on Thursday, hitting $5.13. 264,859 shares of the stock were exchanged. SORL Auto Parts has a 12-month low of $2.68 and a 12-month high of $9.74. The firm has a 50 day moving average of $4.31 and a 200 day moving average of $5.75. The firm has a market cap of $99.03 million, a P/E ratio of 4.06 and a beta of 1.66.
SORL Auto Parts (NASDAQ:SORL) last announced its earnings results on Monday, August 14th. The company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.33 by ($0.02). The firm had revenue of $90.22 million during the quarter, compared to analysts’ expectations of $90.61 million. SORL Auto Parts had a net margin of 7.90% and a return on equity of 14.49%. Equities analysts forecast that SORL Auto Parts will post $1.26 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on the stock. ValuEngine upgraded shares of SORL Auto Parts from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Zacks Investment Research upgraded shares of SORL Auto Parts from a “sell” rating to a “hold” rating in a report on Friday, September 22nd.
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About SORL Auto Parts
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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