Motorcar Parts of America, Inc. (NASDAQ:MPAA) shares reached a new 52-week low during trading on Monday . The stock traded as low as $18.09 and last traded at $18.17, with a volume of 5425 shares traded. The stock had previously closed at $18.94.
Several research analysts recently commented on MPAA shares. BidaskClub upgraded shares of Motorcar Parts of America from a “strong sell” rating to a “sell” rating in a research note on Tuesday, March 27th. Zacks Investment Research upgraded shares of Motorcar Parts of America from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 17th. ValuEngine lowered shares of Motorcar Parts of America from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Finally, Roth Capital lowered shares of Motorcar Parts of America from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $26.00 to $22.00 in a research note on Friday, June 15th. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $33.00.
The stock has a market capitalization of $352.17 million, a price-to-earnings ratio of 10.90, a P/E/G ratio of 0.40 and a beta of 1.21. The company has a current ratio of 0.74, a quick ratio of 0.28 and a debt-to-equity ratio of 0.05.
Motorcar Parts of America (NASDAQ:MPAA) last released its earnings results on Thursday, June 14th. The auto parts company reported $0.56 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.12). The company had revenue of $121.10 million for the quarter, compared to analysts’ expectations of $123.86 million. Motorcar Parts of America had a return on equity of 12.45% and a net margin of 3.81%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.58 EPS. analysts anticipate that Motorcar Parts of America, Inc. will post 1.88 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in MPAA. Barclays PLC grew its position in Motorcar Parts of America by 93.9% during the 1st quarter. Barclays PLC now owns 5,864 shares of the auto parts company’s stock worth $125,000 after purchasing an additional 2,840 shares during the last quarter. MetLife Investment Advisors LLC purchased a new stake in Motorcar Parts of America during the 4th quarter worth approximately $200,000. A.R.T. Advisors LLC purchased a new stake in Motorcar Parts of America during the 1st quarter worth approximately $220,000. HBK Investments L P purchased a new stake in Motorcar Parts of America during the 4th quarter worth approximately $240,000. Finally, Brandywine Global Investment Management LLC purchased a new stake in Motorcar Parts of America during the 4th quarter worth approximately $277,000.
Motorcar Parts of America Company Profile
Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy duty trucks, and industrial and agricultural application parts. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; brake master cylinders; and other products, such as turbochargers, brake power boosters, and diagnostic equipment.
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