Motorcar Parts of America VP Douglas Earl Schooner Unloads 11,701 Shares (MPAA)
Motorcar Parts of America (NASDAQ:MPAA) VP Douglas Earl Schooner sold 11,701 shares of the stock on the open market in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $12.79, for a total value of $149,655.79. Following the sale, the vice president now directly owns 8,100 shares of the company’s stock, valued at approximately $103,599. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Motorcar Parts of America (NASDAQ:MPAA) traded up 1.27% during mid-day trading on Friday, hitting $12.80. 80,355 shares of the company’s stock traded hands. Motorcar Parts of America has a 52-week low of $4.22 and a 52-week high of $13.02. The stock’s 50-day moving average is $10.53 and its 200-day moving average is $8.18. The company has a market cap of $185.1 million and a P/E ratio of 9.46.
Motorcar Parts of America (NASDAQ:MPAA) last released its earnings data on Friday, August 9th. The company reported $0.22 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.15 by $0.07. The company had revenue of $50.20 million for the quarter, compared to the consensus estimate of $49.37 million. During the same quarter last year, the company posted ($0.32) earnings per share.
MPAA has been the subject of a number of recent research reports. Analysts at Craig Hallum initiated coverage on shares of Motorcar Parts of America (NASDAQ:MPAA) in a research note to investors on Monday, September 23rd. They set a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of Motorcar Parts of America (NASDAQ:MPAA) from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, August 20th. They now have a $10.10 price target on the stock. Finally, analysts at Thomson Reuters/Verus upgraded shares of Motorcar Parts of America (NASDAQ:MPAA) from a “sell” rating to a “hold” rating in a research note to investors on Monday, July 8th. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $11.45.
Motorcar Parts of America, Inc (NASDAQ:MPAA) remanufactures alternators and starters for import and domestic cars, light trucks, heavy duty, agricultural and industrial applications.
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