Breaking Finance News

SORL Auto Parts up 42 Percent (SORL)

Shares of SORL Auto Parts, Inc. (NASDAQ: SORL) are up more than 42 percent Friday but the reason for the move is unclear. The stock has traded 1.1 million shares versus an average daily volume of 15,178.

The $72 million microcap company develops and manufactures brake parts and related auto parts in China. It has a commerical and passenger vehicle segment with 65 catagories of in 2000 specifications.

No news has been reported since July 22 when it announced a new independent accounting firm. This could be institutional buying, according to sources.

[stock-tools exchange="NASDAQ" symbol="SORL" image_height="230" image_width="350"]

Disclosure: At the time of this writing, the author had no position in the company mentioned.

New to Breaking Finance News? Read about our format here.

 

 

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.