SORL Auto Parts, Inc. Doing Better than Expected

Better than Expected

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

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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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