NEW YORK, November 2, 2016 /PRNewswire/ --
Despite increased competition, ever-changing consumer trends and demands, and a slowdown in industry growth, players in the
Consumer Goods sector continue to innovate and evolve in order to generate profit. Pre-market, Stock-Callers.com draws its
attention to SORL Auto Parts Inc. (NASDAQ: SORL), Accuride Corp. (NYSE: ACW), Tenneco Inc. (NYSE: TEN), and Gentherm Inc.
(NASDAQ: THRM) to see how they have fared over the previous weeks. Today's research reports on the aforementioned stocks are
downloadable for free upon registration at:
http://stock-callers.com/registration
SORL Auto Parts
On Tuesday, Rui'an, the People's Republic of China headquartered SORL Auto Parts Inc.'s stock
recorded a trading volume of 87,849 shares, and ended the day flat at $4.09. The Company's shares
have gained 2.76% in the last one month, 127.22% over the previous three months, and 61.66% on an YTD basis. The stock is trading
above its 50-day and 200-day moving averages by 11.09% and 84.31%, respectively. Furthermore, shares of SORL Auto Parts, which
manufactures and distributes automotive brake systems and other safety related auto parts in China, have a Relative Strength Index (RSI) of 49.75. Visit us today and access our complete research report
on SORL at:
http://stock-callers.com/registration/?symbol=SORL
Accuride
Evansville, Indiana headquartered Accuride Corp.'s stock finished yesterday's session flat at
$2.45 and with a total trading volume of 342,419 shares. The Company's shares have surged 80.15%
over the previous three months and 47.59% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by
3.05% and 50.88%, respectively. Furthermore, shares of Accuride, which together with its subsidiaries, designs, manufactures, and
distributes commercial vehicle components in North America, have an RSI of 39.57.
On November 1st, 2016, Accuride reported that Q3 2016 net sales were $125.2 million, down 14.0%, compared to net sales of $145.7 million in Q3 2015.
Accuride's operating income was $1.5 million, down $9.6 million
compared to operating income of $11.1 million in Q3 2015. The Company's net loss from continuing
operations attributable to shareholders was $6.8 million, or a negative $0.14 per share, for Q3 2016 compared to net income of $5.4 million, or
$0.11 per share, in Q3 2015. Q3 2016 adjusted EBITDA from continuing operations was $13.5 million, or 10.8% of net sales, compared to $21.6 million, or 14.8% of net
sales, in Q3 2015. The complimentary report on ACW can be downloaded at:
http://stock-callers.com/registration/?symbol=ACW
Tenneco
At the closing bell on Tuesday, shares in Lake Forest, Illinois headquartered Tenneco Inc.
saw a decline of 3.40%, ending the day at $53.20. The stock recorded a trading volume of 700,196
shares, which above its three months average volume of 480,010 shares. The Company's shares have advanced 15.88% since the start
of this year. The stock is trading 4.24% above its 200-day moving average. Moreover, shares of Tenneco, which designs,
manufactures, and sells clean air and ride performance products and systems for light vehicle, commercial truck, off-highway, and
other vehicle applications worldwide, have an RSI of 38.98.
On October 28th, 2016, Tenneco reported Q3 2016 net income of $180 million, or $3.21 per diluted share, which included the benefit of a foreign
tax credit adjustment, compared to net income of $52 million, or $0.88 per diluted share in Q3 2015. Adjusted net income increased 18% to $86
million, or $1.53 per diluted share, versus $73 million, or
$1.22 per share, in Q3 2015. The company reported Q3 2016 revenue of $2.1
billion, up 4% on y-o-y basis on strong global light vehicle revenues, driven by both Clean Air and Ride Performance
product lines. Register for free on Stock-Callers.com and access the latest research report on TEN at:
http://stock-callers.com/registration/?symbol=TEN
Gentherm
Northville, Michigan headquartered Gentherm Inc.'s stock ended the day 2.49% lower at
$27.45. A total volume of 562,511 shares was traded, which was above their three months average
volume of 474,490 shares. The Company's shares are trading 11.09% below their 50-day moving average. Additionally, shares of
Gentherm, which designs, develops, and manufactures thermal management technologies and automotive cable systems, have an RSI of
34.00.
On October 13th, 2016, research firm FBR & Co. upgraded the Company's stock
rating from 'Market Perform' to 'Outperform', issuing a target price of $42 per share.
On October 27th, 2016, Gentherm reported Q3 2016 total revenue growth of 4% to
$232.6 million from revenue of $223.82 million in Q3 2015. The
company's adjusted EBITDA decreased 19% for Q3 2016 to $37.1 million compared to adjusted EBITDA of
$45.6 million for Q3 2015, due to the higher operating expenses offset partially by higher
revenues. Total cash as of September 30th, 2016, was $132.8
million when compared with total cash of $144.5 million at December
31st, 2015. Gross margin as a percentage of revenue for Q3 2016 was 33.0% compared with 33.5% in Q3 2015. Get
free access to your research report on THRM at:
http://stock-callers.com/registration/?symbol=THRM
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