Motorcar Parts of America Hits New 52-Week High at $20.15 (MPAA)
Shares of Motorcar Parts of America (NASDAQ:MPAA) hit a new 52-week high during trading on Monday, ARN reports. The stock traded as high as $20.15 and last traded at $19.55, with a volume of 200,180 shares trading hands. The stock had previously closed at $20.04.
Several analysts have recently commented on the stock. 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 investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.77.
In other Motorcar Parts of America news, Director Rudolph Borneo sold 25,000 shares of the company’s stock in a transaction dated 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 filing with the Securities & Exchange Commission, which is available at this link.
Motorcar Parts of America has a 1-year low of $5.30 and a 1-year high of $20.14. The stock’s 50-day moving average is $18.30 and its 200-day moving average is $12.94. The company has a market cap of $284.1 million and a price-to-earnings ratio of 9.52.
Motorcar Parts of America (NASDAQ:MPAA) last announced its earnings results on Tuesday, November 12th. The company reported $0.37 earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that Motorcar Parts of America will post $1.24 earnings per share 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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