BidaskClub lowered shares of Motorcar Parts of America (NASDAQ:MPAA) from a hold rating to a sell rating in a report published on Saturday.
MPAA has been the subject of a number of other research reports. Zacks Investment Research cut shares of Motorcar Parts of America from a strong-buy rating to a sell rating in a report on Wednesday, October 11th. TheStreet upgraded shares of Motorcar Parts of America from a c rating to a b- rating in a report on Monday, October 9th. ValuEngine cut shares of Motorcar Parts of America from a buy rating to a hold rating in a report on Friday. Finally, B. Riley restated a buy rating on shares of Motorcar Parts of America in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Motorcar Parts of America has a consensus rating of Hold and an average target price of $35.50.
Shares of Motorcar Parts of America (NASDAQ MPAA) opened at $25.05 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.29 and a current ratio of 0.89. The firm has a market cap of $485.51, a P/E ratio of 14.16, a P/E/G ratio of 0.53 and a beta of 0.99. Motorcar Parts of America has a 12 month low of $23.92 and a 12 month high of $31.57.
Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings results on Thursday, November 9th. The auto parts company reported $0.50 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.56 by ($0.06). The business had revenue of $111.77 million for the quarter, compared to the consensus estimate of $112.83 million. Motorcar Parts of America had a return on equity of 15.15% and a net margin of 8.03%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $0.64 earnings per share. analysts predict that Motorcar Parts of America will post 2.09 EPS for the current year.
Hedge funds and other institutional investors have recently modified their holdings of the stock. First Trust Advisors LP acquired a new position in Motorcar Parts of America during the third quarter valued at approximately $434,000. Dynamic Technology Lab Private Ltd acquired a new position in Motorcar Parts of America during the second quarter valued at approximately $292,000. Kornitzer Capital Management Inc. KS grew its holdings in Motorcar Parts of America by 5.0% during the third quarter. Kornitzer Capital Management Inc. KS now owns 273,196 shares of the auto parts company’s stock valued at $8,048,000 after purchasing an additional 13,115 shares during the period. Vanguard Group Inc. grew its holdings in Motorcar Parts of America by 1.2% during the second quarter. Vanguard Group Inc. now owns 1,005,058 shares of the auto parts company’s stock valued at $28,383,000 after purchasing an additional 11,783 shares during the period. Finally, Mork Capital Management LLC acquired a new position in Motorcar Parts of America during the third quarter valued at approximately $884,000.
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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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