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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