The stock of Sorl Auto Parts, Inc. (NASDAQ:SORL) is a huge mover today! About 216,747 shares traded hands. Sorl Auto Parts, Inc. (NASDAQ:SORL) has risen 137.50% since February 29, 2016 and is uptrending. It has outperformed by 125.28% the S&P500.
The move comes after 5 months positive chart setup for the $75.04 million company. It was reported on Oct, 3 by Barchart.com. We have $11.55 PT which if reached, will make NASDAQ:SORL worth $141.08 million more.
Analysts await Sorl Auto Parts, Inc. (NASDAQ:SORL) to report earnings on November, 21. They expect $0.16 earnings per share, up 45.45% or $0.05 from last year’s $0.11 per share. SORL’s profit will be $2.99M for 6.27 P/E if the $0.16 EPS becomes a reality. After $0.37 actual earnings per share reported by Sorl Auto Parts, Inc. for the previous quarter, Wall Street now forecasts -56.76% negative EPS growth.
According to Zacks Investment Research, “Sorl Auto Parts specializes in the development, production and distribution of air brake valves and hydraulic brake valves. It is headquartered in the Ruian District of Wenzhou City, China’s automotive manufacturing center. SORL sells its products to forty-two vehicle manufacturers, including all of the truck manufacturers in China. SORL’s customer base consists of original equipment manufacturers, aftermarket distributors, and international customers.”
More notable recent Sorl Auto Parts, Inc. (NASDAQ:SORL) news were published by: Marketwatch.com which released: “SORL Auto Parts Inc.” on October 13, 2010, also Prnewswire.com with their article: “SORL Auto Parts Announces Withdrawal of Non-Binding Going Private Proposal” published on January 08, 2016, Benzinga.com published: “Greenbridge Downgrades SORL Auto Parts To Neutral, Shares Have Risen ~100 …” on September 21, 2016. More interesting news about Sorl Auto Parts, Inc. (NASDAQ:SORL) were released by: Prnewswire.com and their article: “SORL Auto Parts Announces Receipt of a Preliminary Non-Binding Proposal to …” published on October 31, 2015 as well as Zacks.com‘s news article titled: “3 Reasons Value Stock Investors Will Love SORL Auto Parts (SORL)” with publication date: September 19, 2016.
SORL Company Profile
SORL Auto Parts, Inc., incorporated on March 24, 1982, through its interests in the Ruili Group Ruian Auto Parts Co., Ltd., a Sino-foreign joint venture (Joint Venture), develops, makes 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. The Firm operates through two divisions: Commercial Vehicle Brake Systems and Passenger Vehicle Brake Systems.
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