Motorcar Parts of America (MPAA) Stock Rating Upgraded by BidaskClub

BidaskClub upgraded shares of Motorcar Parts of America (NASDAQ:MPAA) from a sell rating to a hold rating in a research report released on Friday morning.

A number of other research analysts have also issued reports on MPAA. B. Riley reissued a buy rating on shares of Motorcar Parts of America in a research note on Wednesday, November 1st. Zacks Investment Research lowered shares of Motorcar Parts of America from a buy rating to a hold rating in a research note on Tuesday, September 26th. TheStreet raised shares of Motorcar Parts of America from a c rating to a b- rating in a research note on Monday, October 9th. Finally, ValuEngine lowered shares of Motorcar Parts of America from a buy rating to a hold rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Motorcar Parts of America currently has a consensus rating of Hold and a consensus target price of $35.50.

Motorcar Parts of America (MPAA) traded up $0.26 during trading on Friday, reaching $28.27. 158,600 shares of the company’s stock were exchanged, compared to its average volume of 240,100. 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 firm has a market cap of $534.14, a price-to-earnings ratio of 15.79, a price-to-earnings-growth ratio of 0.58 and a beta of 0.93. Motorcar Parts of America has a 52-week low of $23.92 and a 52-week high of $31.57.

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

Several large investors have recently modified their holdings of MPAA. Victory Capital Management Inc. lifted its stake 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 acquiring an additional 608 shares during the period. Bank of Montreal Can lifted its stake 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 acquiring an additional 68 shares during the period. BNP Paribas Arbitrage SA lifted its stake 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 acquiring an additional 2,001 shares during the period. Voya Investment Management LLC lifted its stake 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 acquiring an additional 1,204 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Motorcar Parts of America in the 2nd quarter worth approximately $292,000.

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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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