Motorcar Parts of America (NASDAQ:MPAA – Get Free Report) issued its quarterly earnings results on Monday. The auto parts company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.42), FiscalAI reports. Motorcar Parts of America had a negative return on equity of 0.57% and a negative net margin of 0.53%. The firm had revenue of $169.22 million during the quarter, compared to analysts’ expectations of $201.22 million.
Motorcar Parts of America Price Performance
Shares of MPAA opened at $10.52 on Monday. Motorcar Parts of America has a 1-year low of $9.29 and a 1-year high of $17.50. The stock has a market cap of $199.14 million, a PE ratio of -33.93 and a beta of 1.25. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.44 and a quick ratio of 0.39. The firm has a fifty day moving average price of $10.67 and a 200 day moving average price of $11.76.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently weighed in on MPAA shares. Weiss Ratings lowered shares of Motorcar Parts of America from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, August 25th. Wall Street Zen cut shares of Motorcar Parts of America from a “strong-buy” rating to a “hold” rating in a research report on Saturday, August 15th. Raymond James Financial set a $16.00 target price on shares of Motorcar Parts of America in a research note on Tuesday, August 18th. Finally, Zacks Research lowered Motorcar Parts of America from a “hold” rating to a “strong sell” rating in a report on Monday, October 12th. Two research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, Motorcar Parts of America presently has a consensus rating of “Hold” and a consensus target price of $18.00.
View Our Latest Research Report on Motorcar Parts of America
Motorcar Parts of America Company Profile
Motorcar Parts of America, Inc is an automotive parts manufacturer, remanufacturer and distributor serving the North American aftermarket. The company supplies replacement components for passenger vehicles, light trucks and other applications through automotive retailers, distributors, warehouse distributors and e-commerce channels.
Its product portfolio includes rotating electrical products such as alternators and starters, as well as wheel hub assemblies and a range of braking products.
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