Motorcar Parts of America (MPAA) Rating Lowered to Sell at BidaskClub

Motorcar Parts of America (NASDAQ:MPAA) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday, February 4th.

A number of other equities research analysts also recently commented on the company. ValuEngine upgraded Motorcar Parts of America from a “strong sell” rating to a “sell” rating in a research report on Sunday, October 28th. CL King cut Motorcar Parts of America from a “buy” rating to a “neutral” rating in a research note on Friday, November 9th. Craig Hallum initiated coverage on Motorcar Parts of America in a research note on Tuesday, January 8th. They issued a “buy” rating and a $28.00 price objective for the company. Finally, Zacks Investment Research cut Motorcar Parts of America from a “strong-buy” rating to a “hold” rating in a research note on Saturday, October 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. Motorcar Parts of America has a consensus rating of “Hold” and an average target price of $27.00.

NASDAQ MPAA opened at $21.22 on Monday. Motorcar Parts of America has a 1-year low of $12.09 and a 1-year high of $27.19. The company has a market capitalization of $394.05 million, a PE ratio of 12.48 and a beta of 1.56. The company has a current ratio of 1.32, a quick ratio of 0.45 and a debt-to-equity ratio of 0.09.

Motorcar Parts of America (NASDAQ:MPAA) last announced its quarterly earnings data on Monday, February 11th. The auto parts company reported $0.35 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.03). Motorcar Parts of America had a return on equity of 10.42% and a net margin of 0.99%. The company had revenue of $124.10 million for the quarter, compared to analysts’ expectations of $115.98 million. During the same quarter in the previous year, the business posted $0.34 EPS. The business’s quarterly revenue was up 20.6% compared to the same quarter last year. On average, research analysts predict that Motorcar Parts of America will post 1.46 earnings per share for the current fiscal year.

In other news, Director Rudolph J. Borneo sold 1,674 shares of the business’s stock in a transaction dated Friday, February 15th. The stock was sold at an average price of $21.54, for a total value of $36,057.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Barbara L. Whittaker bought 2,000 shares of Motorcar Parts of America stock in a transaction dated Monday, January 14th. The stock was purchased at an average cost of $19.77 per share, with a total value of $39,540.00. Following the completion of the acquisition, the director now directly owns 3,719 shares in the company, valued at approximately $73,524.63. The disclosure for this purchase can be found here. 4.70% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Cutler Group LP raised its stake in Motorcar Parts of America by 183.8% during the 4th quarter. Cutler Group LP now owns 1,844 shares of the auto parts company’s stock valued at $30,000 after acquiring an additional 4,044 shares during the last quarter. First Hawaiian Bank acquired a new position in Motorcar Parts of America during the 4th quarter worth approximately $72,000. Municipal Employees Retirement System of Michigan acquired a new position in Motorcar Parts of America during the 4th quarter worth approximately $90,000. Metropolitan Life Insurance Co. NY increased its position in Motorcar Parts of America by 402.0% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 6,315 shares of the auto parts company’s stock worth $105,000 after purchasing an additional 5,057 shares during the period. Finally, Oregon Public Employees Retirement Fund acquired a new position in Motorcar Parts of America during the 4th quarter worth approximately $120,000.

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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