Motorcar Parts of America (NASDAQ:MPAA) will be announcing its earnings results before the market opens on Monday, June 14th. Analysts expect the company to announce earnings of $0.59 per share for the quarter.
Shares of NASDAQ MPAA opened at $23.27 on Friday. Motorcar Parts of America has a twelve month low of $14.35 and a twelve month high of $26.42. The stock’s 50 day simple moving average is $22.58. The company has a current ratio of 1.32, a quick ratio of 0.33 and a debt-to-equity ratio of 0.06. The firm has a market capitalization of $443.43 million, a P/E ratio of 36.94 and a beta of 1.83.
Several research firms have recently commented on MPAA. Zacks Investment Research raised Motorcar Parts of America from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 21st. TheStreet downgraded Motorcar Parts of America from a “b-” rating to a “c+” rating in a research report on Tuesday, April 13th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Motorcar Parts of America currently has an average rating of “Buy” and a consensus target price of $22.50.
Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy-duty truck, industrial, marine, and agricultural application replacement parts. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; brake-related products comprising brake calipers, brake boosters, and brake master cylinders; and diagnostics and other products, which consist of diagnostics systems and advanced power emulators that are used for development of electric vehicles and aerospace applications, as well as power electronic products for the development and production of electric vehicles and turbochargers.
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