Motorcar Parts of America Director Sells $450,960 in Stock (MPAA)
Motorcar Parts of America (NASDAQ:MPAA) Director Mel Marks sold 24,000 shares of the company’s stock on the open market in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $18.79, for a total value of $450,960.00. Following the sale, the director now directly owns 26,090 shares in the company, valued at approximately $490,231. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on MPAA shares. Analysts at Thomson Reuters/Verus downgraded shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a research note to investors on Monday, December 16th. Separately, analysts at B. Riley raised their price target on shares of Motorcar Parts of America from $13.25 to $19.00 in a research note to investors on Thursday, November 14th. They now have a “buy” rating on the stock. Finally, 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 Thursday, November 14th. They now have a $18.30 price target on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $20.77.
Motorcar Parts of America (NASDAQ:MPAA) traded up 1.69% during mid-day trading on Friday, hitting $19.25. 263,517 shares of the company’s stock traded hands. Motorcar Parts of America has a 52 week low of $5.30 and a 52 week high of $19.40. The stock’s 50-day moving average is $17. and its 200-day moving average is $12.4. The company has a market cap of $279.5 million and a price-to-earnings ratio of 9.00.
Motorcar Parts of America (NASDAQ:MPAA) last released its earnings data on Tuesday, November 12th. The company reported $0.37 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.27 by $0.10. The company had revenue of $66.20 million for the quarter, compared to the consensus estimate of $60.10 million. Analysts expect that Motorcar Parts of America will post $1.24 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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