Motorcar Parts of America, Inc. (NASDAQ:MPAA) Receives Average Recommendation of “Hold” from Brokerages

Motorcar Parts of America, Inc. (NASDAQ:MPAA) has been given a consensus rating of “Hold” by the six brokerages that are currently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $26.50.

Several analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research report on Thursday, July 4th. ValuEngine downgraded shares of Viewray from a “buy” rating to a “hold” rating in a research report on Wednesday, April 24th. Finally, BidaskClub downgraded shares of Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Tuesday, July 9th.

NASDAQ MPAA traded up $0.14 during mid-day trading on Friday, hitting $17.86. The company’s stock had a trading volume of 84,598 shares, compared to its average volume of 168,887. The firm’s 50 day moving average price is $18.37. Motorcar Parts of America has a twelve month low of $12.09 and a twelve month high of $27.19. The company has a quick ratio of 0.40, a current ratio of 1.26 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $333.49 million, a price-to-earnings ratio of 11.83 and a beta of 1.64.

Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings results on Friday, June 28th. The auto parts company reported $0.53 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.53. Motorcar Parts of America had a negative net margin of 1.56% and a positive return on equity of 10.38%. The business had revenue of $132.66 million during the quarter, compared to the consensus estimate of $131.53 million. During the same quarter last year, the firm posted $0.54 EPS. Motorcar Parts of America’s revenue was up 7.5% compared to the same quarter last year. On average, analysts predict that Motorcar Parts of America will post 1.71 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the business. Foundry Partners LLC lifted its position in Motorcar Parts of America by 6.6% in the second quarter. Foundry Partners LLC now owns 329,405 shares of the auto parts company’s stock valued at $7,053,000 after purchasing an additional 20,325 shares during the last quarter. First Hawaiian Bank lifted its position in Motorcar Parts of America by 27.7% in the second quarter. First Hawaiian Bank now owns 9,411 shares of the auto parts company’s stock valued at $201,000 after purchasing an additional 2,041 shares during the last quarter. Private Capital Management LLC lifted its position in Motorcar Parts of America by 0.7% in the first quarter. Private Capital Management LLC now owns 1,610,851 shares of the auto parts company’s stock valued at $30,397,000 after purchasing an additional 11,855 shares during the last quarter. CNA Financial Corp bought a new stake in Motorcar Parts of America in the first quarter valued at approximately $326,000. Finally, Kennedy Capital Management Inc. lifted its position in Motorcar Parts of America by 5.5% in the first quarter. Kennedy Capital Management Inc. now owns 499,101 shares of the auto parts company’s stock valued at $9,418,000 after purchasing an additional 26,005 shares during the last quarter.

About Motorcar Parts of America

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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