The Automotive industry as a whole was unchanged today versus the S&P 500, which was down 0.8%. Laggards within the Automotive industry included Sypris Solutions ( SYPR), down 4.2%, UQM Technologies ( UQM), down 6.3%, SORL Auto Parts ( SORL), down 7.1%, Quantum Fuel Systems Technologies Worldwide ( QTWW), down 1.6% and Fuel Systems Solutions ( FSYS), down 5.7%.
TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:
SORL Auto Parts ( SORL) is one of the companies that pushed the Automotive industry lower today. SORL Auto Parts was down $0.19 (7.1%) to $2.49 on average volume. Throughout the day, 30,039 shares of SORL Auto Parts exchanged hands as compared to its average daily volume of 24,400 shares. The stock ranged in price between $2.45-$2.70 after having opened the day at $2.65 as compared to the previous trading day's close of $2.68.
SORL Auto Parts, Inc. develops, manufactures, and distributes automotive brake systems and other safety related auto parts. It operates in two segments, Commercial Vehicle Brake Systems and Passenger Vehicle Brake Systems. SORL Auto Parts has a market cap of $53.5 million and is part of the conglomerates sector. Shares are down 27.4% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates SORL Auto Parts a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates SORL Auto Parts as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, attractive valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins.
Read more at: http://www.thestreet.com/story/13247922/1/3-stocks-pushing-the-automotive-industry-lower.html
TheStreet Ratings Group would like to highlight 3 stocks that pushed the industry lower today:
SORL Auto Parts ( SORL) is one of the companies that pushed the Automotive industry lower today. SORL Auto Parts was down $0.19 (7.1%) to $2.49 on average volume. Throughout the day, 30,039 shares of SORL Auto Parts exchanged hands as compared to its average daily volume of 24,400 shares. The stock ranged in price between $2.45-$2.70 after having opened the day at $2.65 as compared to the previous trading day's close of $2.68.
SORL Auto Parts, Inc. develops, manufactures, and distributes automotive brake systems and other safety related auto parts. It operates in two segments, Commercial Vehicle Brake Systems and Passenger Vehicle Brake Systems. SORL Auto Parts has a market cap of $53.5 million and is part of the conglomerates sector. Shares are down 27.4% year-to-date as of the close of trading on Wednesday. Currently there is 1 analyst who rates SORL Auto Parts a buy, no analysts rate it a sell, and none rate it a hold.
TheStreet Ratings rates SORL Auto Parts as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, growth in earnings per share, attractive valuation levels and good cash flow from operations. We feel its strengths outweigh the fact that the company shows low profit margins.
Read more at: http://www.thestreet.com/story/13247922/1/3-stocks-pushing-the-automotive-industry-lower.html
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