Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) have been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $32.00.
Several equities research analysts have weighed in on MPAA shares. ValuEngine raised shares of Motorcar Parts of America from a “strong sell” rating to a “sell” rating in a research report on Sunday, October 28th. BidaskClub cut shares of Motorcar Parts of America from a “sell” rating to a “strong sell” rating in a research report on Tuesday, October 23rd. Zacks Investment Research cut shares of Motorcar Parts of America from a “strong-buy” rating to a “hold” rating in a research report on Saturday, October 13th. Finally, Roth Capital set a $25.00 price target on shares of Motorcar Parts of America and gave the company a “hold” rating in a research report on Sunday, August 12th.
In other news, Director Joseph Edwin Ferguson sold 1,000 shares of the firm’s stock in a transaction dated Wednesday, August 29th. The shares were sold at an average price of $26.45, for a total value of $26,450.00. Following the completion of the sale, the director now directly owns 3,742 shares of the company’s stock, valued at approximately $98,975.90. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Jeffrey P. Mirvis sold 12,500 shares of the firm’s stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $25.32, for a total transaction of $316,500.00. The disclosure for this sale can be found here. Insiders have sold a total of 16,500 shares of company stock valued at $422,120 in the last three months. 4.70% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Barclays PLC lifted its position in shares of Motorcar Parts of America by 93.9% in 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 period. SG Americas Securities LLC purchased a new stake in shares of Motorcar Parts of America in the 2nd quarter worth about $126,000. A.R.T. Advisors LLC purchased a new stake in shares of Motorcar Parts of America in the 1st quarter worth about $220,000. GSA Capital Partners LLP purchased a new stake in shares of Motorcar Parts of America in the 2nd quarter worth about $308,000. Finally, First Trust Advisors LP lifted its position in shares of Motorcar Parts of America by 18.0% in the 2nd quarter. First Trust Advisors LP now owns 21,616 shares of the auto parts company’s stock worth $404,000 after purchasing an additional 3,295 shares during the period.
MPAA stock opened at $21.37 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.48 and a current ratio of 1.46. Motorcar Parts of America has a 52 week low of $18.09 and a 52 week high of $28.98. The firm has a market cap of $404.24 million, a P/E ratio of 12.57 and a beta of 1.66.
Motorcar Parts of America (NASDAQ:MPAA) last released its earnings results on Thursday, August 9th. The auto parts company reported $0.15 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.06). Motorcar Parts of America had a net margin of 0.86% and a return on equity of 10.53%. The business had revenue of $92.57 million for the quarter, compared to the consensus estimate of $95.73 million. During the same period in the prior year, the business posted $0.43 EPS. Motorcar Parts of America’s revenue for the quarter was down 3.1% on a year-over-year basis. Research analysts expect that Motorcar Parts of America will post 1.91 earnings per share for the current year.
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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