Motorcar Parts of America (MPAA) Upgraded to Sell at BidaskClub

BidaskClub upgraded shares of Motorcar Parts of America (NASDAQ:MPAA) from a strong sell rating to a sell rating in a research report report published on Saturday morning.

Several other brokerages have also recently issued reports on MPAA. Zacks Investment Research raised Motorcar Parts of America from a sell rating to a hold rating in a research report on Wednesday, November 8th. ValuEngine cut Motorcar Parts of America from a buy rating to a hold rating in a research report on Friday, September 1st. B. Riley reaffirmed a buy rating on shares of Motorcar Parts of America in a research report on Wednesday, November 1st. Finally, TheStreet raised Motorcar Parts of America from a c rating to a b- rating in a research report on Monday, October 9th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $35.50.

Shares of Motorcar Parts of America (NASDAQ MPAA) traded up $0.48 during midday trading on Friday, reaching $24.94. The company’s stock had a trading volume of 460,776 shares, compared to its average volume of 175,252. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.89 and a quick ratio of 0.29. The company has a market cap of $475.61, a PE ratio of 12.66, a PEG ratio of 0.52 and a beta of 0.93. Motorcar Parts of America has a 1-year low of $23.92 and a 1-year high of $31.57.

Motorcar Parts of America (NASDAQ:MPAA) last announced its earnings results on Thursday, November 9th. The auto parts company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by ($0.06). The company had revenue of $111.77 million for the quarter, compared to the consensus estimate of $112.83 million. Motorcar Parts of America had a net margin of 8.03% and a return on equity of 15.15%. The firm’s revenue was up 2.7% compared to the same quarter last year. During the same period last year, the business posted $0.64 EPS. analysts forecast that Motorcar Parts of America will post 2.09 EPS for the current year.

Several institutional investors have recently bought and sold shares of MPAA. Victory Capital Management Inc. boosted its position in shares of Motorcar Parts of America by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 4,060 shares of the auto parts company’s stock worth $115,000 after purchasing an additional 608 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Motorcar Parts of America by 1.4% in the 2nd quarter. Bank of Montreal Can now owns 4,901 shares of the auto parts company’s stock worth $138,000 after purchasing an additional 68 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Motorcar Parts of America by 57.5% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,478 shares of the auto parts company’s stock worth $155,000 after purchasing an additional 2,001 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of Motorcar Parts of America by 14.8% in the 2nd quarter. Voya Investment Management LLC now owns 9,322 shares of the auto parts company’s stock worth $263,000 after purchasing an additional 1,204 shares in the last quarter. Finally, Aperio Group LLC boosted its position in shares of Motorcar Parts of America by 2.6% in the 2nd quarter. Aperio Group LLC now owns 9,908 shares of the auto parts company’s stock worth $280,000 after purchasing an additional 253 shares in the last quarter.

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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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