An investigation for investors in SORL Auto Parts, Inc. (NASDAQ: SORL) shares over potential securities laws violations by SORL Auto Parts, Inc. was announced.
San Diego, CA -- (SBWIRE) -- 12/07/2018 -- SORL Auto Parts, Inc. is under investigation over potential securities laws violations in connection with certain financial statements.
Investors who purchased shares of SORL Auto Parts, Inc. (NASDAQ: SORL), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 - 1554.
The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of SORL Auto Parts, Inc. (NASDAQ: SORL) concerning whether a series of statements by SORL Auto Parts, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.
China based SORL Auto Parts, Inc., 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. On November 14, 2018, SORL Auto Parts, Inc reported its third quarter 2018 results, including deterioration of gross margin to 24.3% versus 26.9% year to year. Shares of SORL Auto Parts, Inc. (NASDAQ: SORL) declined from $&.58 per share in early 2017 to as low as $2.61 per share on November 20, 2018.
Those who purchased shares of SORL Auto Parts, Inc. (NASDAQ: SORL) have certain options and should contact the Shareholders Foundation.
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