Greenridge Global upgraded shares of Sorl Auto Parts from a "hold" rating to a "buy" rating and raised their price target for the stock from $4.50 to $6.00 in a research note on Friday, March 31st.
If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, SORL earned gross profit of 66.86 Million, in 2015 59.41 Million gross profit, while in 2016 SORL Auto Parts, Inc.
For the fiscal year 2017, management has increased net sales to be approximately $315 million. The Market Capitalization of the company stands at 105.48 Million. (SORL) has a trading volume of 11.92 Million shares, with an average trading volume of 247720 shares - with shares dropping to a 52 week low of $1.50, and the company's shares hitting a 52 week high of $ 5.05. Over the past month the firm's stock is 40.53%, 101.37% for the last quarter, 33.79% for the past six-months and 244.71% for the previous year.
Many analysts are providing their Estimated Earnings analysis for SORL Auto Parts, Inc. and for the current quarter 1 analysts have projected that the stock could give an Average Earnings estimate of $0.15/share. JOB quarterly performance is 27.65% while firm's price to sale ratio is 0.63 and price to book ratio is 2.24. If the market is performing well and the stock is over-valued, SORL might be a good investment at this point but if the market is dropping down, you might not consider buying the stock. If the average volume is low then the liquidity is low which means it is hard to buy or sell the stock as there are fewer buyers or sellers of the stock. (NASDAQ:SORL)'s stock is experiencing unusual volume during today's trading. Its last month's stock price volatility remained 7.25% which for the week approaches 6.39%. The stock exchanged hands with 15.98 million shares contrast to its average daily volume of 13.32 million shares. Weekly performance analysis shows the equity at 53.81%.
The stock has a 50 day moving average of $4.16 and a 200 day moving average of $3.57. The stock has earnings growth of 39.70% yoy and showed a high EPS growth of 2.90% over the past five years. Now the P/E of SORL Auto Parts, Inc.
The difference of 52 week low value as well as 52 week high value and the current price of the stock suggests the next move of the shares.
An institutional investor recently raised its position in Sorl Auto Parts stock. The consensus recommendation by Thomson Reuters Analysts is Outperform for JOB and their mean rating for the stock is 2.00 on scale of 1-5.