SORL Auto Parts, Inc. Doing Better than Expected

    Author Samara MalkinPosted on Categories Autos, ConsumerTags , , , , , , , , , , , , , , , , , , , , ,
    Better than Expected

    Here’s an update on SORL Auto Parts, Inc. (NASDAQ:$SORL). The company has done better than expected for the quarter.

    Most recently, the company was given a price objective of $10.00 by Greenridge Global, who also gave the company’s stock a “Buy” rating.

    SORL’s shares opened at $6.43 on Monday. With a market cap of $126.25, a price-to-earnings ratio of 4.25, and a beta of 1.73, SORL has a one year high of $9.74 and a one year low of $2.68.

    Based on its most recent quarterly earnings report, the company has had a revenue of $101.33 million for the quarter, coming in way above the analyst estimates of $63.84 million. The earnings per share are currently sitting at $0.44 for the quarter, also beating out estimates by $0.26. The company has a return on equity of 16.79% and a net margin of 8.54%. Expectations are that SORL will post $1.11 earnings per share for the current year. Maybe these expectations, too, will be beaten.

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    Author Samara Malkin
    About the author: Samara graduated from Simon Fraser University with a BA in English, minoring in Publishing and Creative Writing. One day she hopes to publish her very own novel, but in the meantime, she contents herself with blogging and editing. She currently specializes in writing financial news and analysis, as well as cryptocurrency news and information.