Headlines about Motorcar Parts of America (NASDAQ:MPAA) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Motorcar Parts of America earned a news impact score of 0.09 on Accern’s scale. Accern also assigned news headlines about the auto parts company an impact score of 46.2803579942973 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news headlines that may have impacted Accern’s scoring:
- Motorcar Parts of America, Inc. (MPAA) Stock Rating Lowered by Zacks Investment Research (americanbankingnews.com)
- Analyzing Fenix Parts (FENX) and Motorcar Parts of America (MPAA) (americanbankingnews.com)
- Motorcar Parts of America, Inc. (MPAA) Upgraded to Buy by Zacks Investment Research (americanbankingnews.com)
- Financial Survey: BorgWarner (BWA) vs. Motorcar Parts of America (MPAA) (americanbankingnews.com)
- Motorcar Parts of America, Inc. (MPAA) Given Average Recommendation of “Buy” by Brokerages (americanbankingnews.com)
Several research firms have recently issued reports on MPAA. Zacks Investment Research upgraded shares of Motorcar Parts of America from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Friday. ValuEngine lowered shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. TheStreet lowered shares of Motorcar Parts of America from a “b-” rating to a “c” rating in a research note on Monday, August 28th. Roth Capital set a $32.00 target price on shares of Motorcar Parts of America and gave the stock a “buy” rating in a research note on Sunday, August 20th. Finally, BidaskClub lowered shares of Motorcar Parts of America from a “sell” rating to a “strong sell” rating in a research note on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Motorcar Parts of America currently has a consensus rating of “Buy” and an average price target of $35.00.
Motorcar Parts of America (MPAA) traded up 1.29% during trading on Tuesday, reaching $26.68. 26,826 shares of the company traded hands. The firm has a market capitalization of $497.18 million, a price-to-earnings ratio of 13.82 and a beta of 0.95. Motorcar Parts of America has a 52 week low of $21.75 and a 52 week high of $31.57. The company’s 50-day moving average price is $26.50 and its 200 day moving average price is $28.30.
Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings results on Wednesday, August 9th. The auto parts company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.04. The firm had revenue of $95.06 million during the quarter, compared to analyst estimates of $93.60 million. Motorcar Parts of America had a return on equity of 16.77% and a net margin of 8.75%. Motorcar Parts of America’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.52 EPS. On average, equities research analysts expect that Motorcar Parts of America will post $2.38 EPS for the current year.
In related news, Director Rudolph J. Borneo sold 3,000 shares of Motorcar Parts of America stock in a transaction dated Wednesday, June 21st. The stock was sold at an average price of $27.49, for a total value of $82,470.00. Following the completion of the sale, the director now directly owns 3,000 shares in the company, valued at approximately $82,470. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Douglas Earl Schooner sold 4,834 shares of Motorcar Parts of America stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $28.27, for a total value of $136,657.18. Following the completion of the sale, the vice president now owns 10,261 shares of the company’s stock, valued at $290,078.47. The disclosure for this sale can be found here. Insiders sold a total of 9,531 shares of company stock valued at $267,616 over the last quarter. 4.40% of the stock is owned by corporate insiders.
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Motorcar Parts of America Company Profile
Motorcar Parts of America, Inc is a manufacturer, remanufacturer and distributor of automotive aftermarket parts, including alternators, starters, wheel hub assembly, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications.
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