Greenridge Global disclosed Sorl Auto Parts, Inc. (NASDAQ:SORL), bumping up its stock price target to $4.50 today
- Updated: September 21, 2016
Only yesterday Sorl Auto Parts, Inc. (NASDAQ:SORL) traded -8.19% lower at $3.91. SORL’s 50-day average is $2.56 and its two hundred day average is $1.94. The last closing price is up 104.66% from the 200-day moving average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the date range. Volume of trade was up over the average, with 784,606 shares of SORL changing hands over the typical 399,244
In a statement issued on 09/21/2016 Greenridge Global upped the price target of Sorl Auto Parts, Inc. (NASDAQ:SORL) to $4.50 indicating a possible upside of 0.15%.
On 8/25/2016, Zacks Investment Research released a statement on Sorl Auto Parts, Inc. (NASDAQ:SORL) raised the target price from $0.00 to $2.50 that indicated a possible upside of 0.16%.
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Sorl Auto Parts, Inc. has 52 week low of $1.39 and a 52 week high of $4.85 with a PE ratio of 4.90 and has a market cap of $0.
General Information About Sorl Auto Parts, Inc. (NASDAQ:SORL)
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. The Company operates through two segments: Commercial Vehicle Brake Systems and Passenger Vehicle Brake Systems. The Company's products are principally used in different types of commercial vehicles, such as trucks and buses, and include a range of products covering approximately 65 categories and over 2,000 specifications in automotive brake systems. The Company sells its products to approximately 70 vehicle manufacturers, including all of the primary truck manufacturers in China.
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