Dynamic Technology Lab Private Ltd bought a new stake in SORL Auto Parts, Inc. (NASDAQ:SORL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 17,338 shares of the company’s stock, valued at approximately $115,000. Dynamic Technology Lab Private Ltd owned 0.09% of SORL Auto Parts as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SORL. MML Investors Services LLC bought a new position in shares of SORL Auto Parts in the second quarter valued at approximately $214,000. JPMorgan Chase & Co. bought a new position in shares of SORL Auto Parts in the second quarter valued at approximately $225,000. California Public Employees Retirement System increased its holdings in shares of SORL Auto Parts by 226.5% in the first quarter. California Public Employees Retirement System now owns 54,200 shares of the company’s stock valued at $209,000 after purchasing an additional 37,600 shares in the last quarter. Finally, AJO LP acquired a new stake in shares of SORL Auto Parts in the second quarter valued at approximately $1,832,000. Institutional investors and hedge funds own 9.45% of the company’s stock.
SORL Auto Parts, Inc. (SORL) opened at $4.55 on Friday. The stock has a market capitalization of $89.00, a PE ratio of 3.63 and a beta of 1.73.
SORL Auto Parts (NASDAQ:SORL) last issued its quarterly earnings results on Monday, August 14th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.02). SORL Auto Parts had a return on equity of 14.49% and a net margin of 7.90%. The firm had revenue of $90.22 million for the quarter, compared to analysts’ expectations of $90.61 million. equities research analysts expect that SORL Auto Parts, Inc. will post 1.26 earnings per share for the current year.
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A number of brokerages have recently weighed in on SORL. Zacks Investment Research cut shares of SORL Auto Parts from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 19th. ValuEngine raised shares of SORL Auto Parts from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 17th.
About SORL Auto Parts
SORL Auto Parts, Inc, through its interests in the Ruili Group Ruian Auto Parts Co, Ltd., a Sino-foreign joint venture (Joint Venture), develops, manufactures 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.
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