Motorcar Parts of America Director Rudolph Borneo Unloads 25,000 Shares (MPAA)
Motorcar Parts of America (NASDAQ:MPAA) Director Rudolph Borneo sold 25,000 shares of the stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $19.21, for a total transaction of $480,250.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Motorcar Parts of America (NASDAQ:MPAA) last released its earnings data on Tuesday, November 12th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the 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.
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 equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Motorcar Parts of America presently has an average rating of “Buy” and an average price target of $20.77.
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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