SORL Auto (SORL) Parts in Focus: Stock Plunges 13% - Tale of the Tape

By Zacks Equity Research,

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SORL Auto Parts, Inc. ( SORL ) saw a big move last session, as the company's shares fell by nearly 13% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the most recent downtrend for SORL, as the stock is now down little over 27% since Mar 10.

This auto manufacturer has seen a flat track record when it comes to current year estimate revisions over the past few weeks (no increase, no decrease), and the consensus for earnings hasn't been in a trend either. This recent price action is discouraging, so make sure to keep a close watch of this firm in the near future, and especially on earnings estimates following the recent slump.

SORL Auto Parts currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0%.

Investors interested in the auto manufacturing industry may consider better-ranked stocks like Allison Transmission Holdings, Inc. ( ALSN ), Gentherm Incorporated ( THRM ) and Valeo SA ( VLEEY ). All these stocks carry a Zacks Rank #1 (Strong Buy).

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Investing Ideas , Stocks
Referenced Stocks: SORL

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