Copied this off my brokerage site news feed today.
Maybe a catalyst...
SORL Auto Parts
Four major players in the Auto Manufacturers industry, which are: Tata Motors Ltd (NYSE: TTM), Honda Motor Co. Ltd (NYSE: HMC), Ferrari N.V. (NYSE: RACE), and SORL Auto Parts Inc. (NASDAQ: SORL). As per IBISWorld's Global Car & Automobile Manufacturing global market research report released last August, rising incomes in emerging countries will buoy global auto demand. Additionally, auto manufacturers' expansion of small cars portfolios and shift in production to hybrid electric automobiles, also bodes well for future industry growth.
Rui'an, the People's Republic of China headquartered SORL Auto Parts Inc.'s stock finished Monday's session 2.60% lower at $3.75 with a total trading volume of 146,522 shares. The Company's shares have advanced 30.21% over the previous three months and 48.22% since the start of this year. The stock is trading above its 200-day moving average by 49.55%. Additionally, shares of SORL Auto Parts, which manufactures and distributes automotive brake systems and other safety related auto parts in China, have an RSI of 37.62.
On November 14(th) , 2016, SORL Auto Parts reported that net sales increased by 23.0% to $61.9 million in Q3 2016 compared to $50.3 million in Q3 2015. Gross margin for Q3 2016 was 30.1%, compared to a gross margin of 28.0% for Q3 2015. Net Income attributed to stockholders rose by 55.4% to $3.2 million in Q3 2016 from $2.0 million in Q3 2015. The company's basic and diluted earnings per share were $0.17 in Q3 2016 compared to $0.11 in Q3 2015.
