Motorcar Parts of America Hits New 52-Week High at $13.13 (MPAA)
Shares of Motorcar Parts of America (NASDAQ:MPAA) hit a new 52-week high during trading hours on Wednesday, Analyst Ratings.Net reports. The company traded as high as $13.13 and last traded at $12.99, with a volume of 120,169 shares trading hands. The stock had previously closed at $12.79.
Several analysts have recently commented on the stock. Analysts at Craig Hallum initiated coverage on shares of Motorcar Parts of America in a research note to investors on Monday, September 23rd. They set a “buy” rating on the stock. Analysts at Zacks upgraded shares of Motorcar Parts of America 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. Motorcar Parts of America has a consensus rating of “Buy” and a consensus target price of $11.45.
In other Motorcar Parts of America news, VP Douglas Earl Schooner unloaded 11,701 shares of the company’s stock on the open market in a transaction dated Tuesday, October 1st. The shares were sold at an average price of $12.79, for a total transaction of $149,655.79. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
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 $10.69 and its 200-day moving average is $8.30. The company has a market cap of $186.0 million and a P/E ratio of 9.57.
Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings results on Friday, August 9th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted ($0.32) earnings per share. Analysts expect that Motorcar Parts of America will post $1.11 EPS for the current fiscal year.
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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