Sorl Auto Parts, Inc. (SORL) Given $4.50 Average Target Price by Analysts

Shares of Sorl Auto Parts, Inc. (NASDAQ:SORL) have earned an average broker rating score of 0.00 () from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating.

Analysts have set a 1 year consensus price objective of $4.50 for the company, according to Zacks. Zacks has also given Sorl Auto Parts an industry rank of 22 out of 265 based on the ratings given to its competitors.

Separately, Zacks Investment Research downgraded Sorl Auto Parts from a “buy” rating to a “hold” rating in a report on Tuesday, January 17th.

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A hedge fund recently raised its stake in Sorl Auto Parts stock. Renaissance Technologies LLC raised its position in Sorl Auto Parts, Inc. (NASDAQ:SORL) by 234.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 156,000 shares of the company’s stock after buying an additional 109,300 shares during the period. Renaissance Technologies LLC owned about 0.81% of Sorl Auto Parts worth $474,000 at the end of the most recent quarter. 4.96% of the stock is currently owned by hedge funds and other institutional investors.

Sorl Auto Parts (NASDAQ:SORL) opened at 3.05 on Tuesday. Sorl Auto Parts has a 12-month low of $1.50 and a 12-month high of $5.05. The firm has a 50-day moving average price of $3.02 and a 200-day moving average price of $3.56. The company has a market cap of $58.88 million, a P/E ratio of 3.49 and a beta of 1.47.

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.

5 Day Chart for NASDAQ:SORL

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