The stock of Sorl Auto Parts, Inc. (NASDAQ:SORL) is a huge mover today! About 167,847 shares traded hands. Sorl Auto Parts, Inc. (NASDAQ:SORL) has risen 141.32% since April 5, 2016 and is uptrending. It has outperformed by 139.36% the S&P500.
The move comes after 7 months positive chart setup for the $83.02M company. It was reported on Nov, 8 by Barchart.com. We have $6.49 PT which if reached, will make NASDAQ:SORL worth $44.00M more.
Analysts await Sorl Auto Parts, Inc. (NASDAQ:SORL) to report earnings on November, 21. They expect $0.16 EPS, up 45.45% or $0.05 from last year’s $0.11 per share. SORL’s profit will be $3.13 million for 6.63 P/E if the $0.16 EPS becomes a reality. After $0.37 actual EPS 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 Quotes.Wsj.com with their article: “News SORL Auto Parts Inc.SORL” published on February 11, 2011, Prnewswire.com published: “SORL Auto Parts Reports 24% Sales Increase and Higher Earnings in the 2016 …” on August 15, 2016. More interesting news about Sorl Auto Parts, Inc. (NASDAQ:SORL) were released by: Prnewswire.com and their article: “SORL Auto Parts Announces Withdrawal of Non-Binding Going Private Proposal” published on January 08, 2016 as well as Prnewswire.com‘s news article titled: “SORL Auto Parts Announces Receipt of a Preliminary Non-Binding Proposal to …” with publication date: October 31, 2015.
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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