News stories about Motorcar Parts of America (NASDAQ:MPAA) have trended positive this week, Accern reports. The research firm identifies negative and positive press coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Motorcar Parts of America earned a news impact score of 0.40 on Accern’s scale. Accern also gave news articles about the auto parts company an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an effect on the company’s share price in the near term.
These are some of the media stories that may have impacted Accern Sentiment Analysis’s scoring:
- ETFs with exposure to Motorcar Parts of America, Inc. : June 19, 2017 (finance.yahoo.com)
- Motorcar Parts of America, Inc. (MPAA) Expected to Earn Q2 2018 Earnings of $0.60 Per Share (americanbankingnews.com)
- Motorcar Parts of America, Inc. (MPAA) Given a $31.00 Price Target by Roth Capital Analysts (americanbankingnews.com)
- B. Riley Reiterates “Buy” Rating for Motorcar Parts of America, Inc. (MPAA) (americanbankingnews.com)
- Motorcar Parts of America (MPAA) Misses Q4 EPS by 2c (streetinsider.com)
A number of equities analysts recently commented on the company. B. Riley restated a “buy” rating and set a $39.00 target price on shares of Motorcar Parts of America in a report on Monday, March 27th. ValuEngine cut Motorcar Parts of America from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research raised Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Thursday, April 13th. Finally, Roth Capital set a $31.00 target price on Motorcar Parts of America and gave the stock a “buy” rating in a research note on Tuesday, June 13th.
Motorcar Parts of America (MPAA) traded up 0.55% on Tuesday, reaching $27.40. The company’s stock had a trading volume of 126,540 shares. Motorcar Parts of America has a 1-year low of $21.75 and a 1-year high of $34.73. The company has a market capitalization of $511.04 million, a price-to-earnings ratio of 14.20 and a beta of 0.92. The firm’s 50 day moving average price is $29.56 and its 200-day moving average price is $28.35.
Motorcar Parts of America (NASDAQ:MPAA) last announced its quarterly earnings data on Wednesday, June 14th. The auto parts company reported $0.58 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by $0.02. Motorcar Parts of America had a net margin of 8.92% and a return on equity of 18.59%. The company had revenue of $114.90 million during the quarter, compared to analyst estimates of $113.56 million. During the same quarter in the previous year, the business posted $0.50 earnings per share. The firm’s revenue was up 13.9% on a year-over-year basis. Equities analysts forecast that Motorcar Parts of America will post $2.43 earnings per share for the current year.
In related news, Director Duane Franklin Miller sold 17,000 shares of the firm’s stock in a transaction dated Wednesday, March 29th. The stock was sold at an average price of $30.11, for a total transaction of $511,870.00. Following the transaction, the director now owns 13,690 shares of the company’s stock, valued at $412,205.90. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Kevin Gerard Daly sold 8,101 shares of the firm’s stock in a transaction dated Monday, March 27th. The stock was sold at an average price of $28.83, for a total value of $233,551.83. The disclosure for this sale can be found here. 4.40% of the stock is owned by company 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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