NEW YORK, August 17, 2017 /PRNewswire/ --
If you want a Stock Review on SORL, HMC, RACE, or TTM then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. The global Auto industry, as per D&B Hoovers, is dominated by a small number of US, Western European, and Japanese companies. In the pursuit of sales and market share growth, the major companies have expanded aggressively into emerging markets by setting up local subsidiaries or joint ventures. For today, DailyStockTracker.com reviews the following equities: SORL Auto Parts Inc. (NASDAQ: SORL), Honda Motor Co. Ltd (NYSE: HMC), Ferrari N.V. (NYSE: RACE), and Tata Motors Ltd (NYSE: TTM). This morning's free research reports on the aforesaid equities are available upon registration on DailyStockTracker.com at:
SORL Auto Parts
Rui'an, the People's Republic of China headquartered SORL Auto Parts Inc.'s stock finished Wednesday's session 5.22% higher at $5.44 with a total trading volume of 562,373 shares. The Company's shares have surged 78.95% on an YTD basis. The stock is trading above its 200-day moving average by 13.88%. Furthermore, shares of SORL Auto Parts, which together with its subsidiaries, develops, manufactures, and distributes automotive brake systems and other safety related auto parts to automotive original equipment manufacturers and the related aftermarket in the People's Republic of China, have a Relative Strength Index (RSI) of 35.88.
On August 14th, 2017, SORL Auto Parts announced its unaudited financial results for Q2 2017 and the first six months ended June 30th, 2017. For Q2 2017, net sales were $90.2 million; gross margin was 26.3%; and income from operations was $8.8 million. For H1 2017, net sales were $164.1 million, operating income was $18.4 million, and net income was $12.8 million. Visit us today and access our complete research report on SORL at:
Shares in Tokyo, Japan headquartered Honda Motor Co. Ltd ended at $27.72, up 0.25% from the last trading session. The stock recorded a trading volume of 409,275 shares. The Company's shares have gained 0.22% in the last one month and 0.87% in the previous three months. The stock is trading 0.11% below its 50-day moving average. Moreover, shares of Honda Motor, which develops, manufactures, and distributes motorcycles, automobiles, power products, and other products worldwide, have an RSI of 47.04.
On August 01st, 2017, research firm Nomura upgraded the Company's stock rating from 'Reduce' to 'Neutral'.
On August 01st, 2017, Honda Motor announced its consolidated financial results for Q1 FY17 ended June 30th, 2017. Profit for Q1 2017 totaled JPY 207.3 billion (USD 1,851 million), sales revenue amounted to JPY 3,713.0 billion (USD 33,153 million), and operating profit was JPY 269.2 billion (USD 2,404 million). Share of profit of investments accounted for using the equity method for the quarter amounted to JPY 52.9 billion (USD 473 million). The complimentary report on HMC can be downloaded at:
Maranello, Italy headquartered Ferrari N.V.'s stock ended yesterday's session 0.63% higher at $110.95 with a total trading volume of 376,257 shares. The Company's shares have advanced 16.61% in the past month, 34.05% over the previous three months, and 90.83% on an YTD basis. The stock is trading 15.52% and 50.59% above its 50-day and 200-day moving averages, respectively. Additionally, shares of Ferrari, which through with its subsidiaries, designs, engineers, produces, and sells luxury performance sports cars, have an RSI of 69.48.
On July 28th, 2017, Ferrari announced that Scuderia Ferrari has reached a multi-year agreement with Sauber F1 Team, by virtue of which the Swiss Team will be fitted with the Power Units built at the Maranello factory. Register for free on DailyStockTracker.com and access the latest research report on RACE at:
On Wednesday, shares in Mumbai, India-based Tata Motors Ltd recorded a trading volume of 1.53 million shares, which was above their three months average volume of 1.29 million shares. The stock finished 2.00% higher at $30.05. The Company's shares are trading below their 50-day moving average by 12.28%. Furthermore, shares of Tata Motors, which designs, manufactures, and sells a range of automotive vehicles, have an RSI of 28.69.
On July 31st, 2017, Tata Motors announced that it has filed its annual report on Form 20-F for the fiscal year ended March 31st, 2017 with the US SEC, which includes the Company's audited financial statements prepared under the International Financial Reporting Standards.
On August 11th, 2017, research firm Bernstein downgraded the Company's stock rating from 'Outperform' to 'Market Perform'. Get free access to your research report on TTM at:
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