Motorcar Parts of America Reaches New 52-Week High at $27.11 (MPAA)
Shares of Motorcar Parts of America (NASDAQ:MPAA) hit a new 52-week high on Tuesday , Stock Ratings Network.com reports. The company traded as high as $27.11 and last traded at $26.98, with a volume of 240,280 shares. The stock had previously closed at $26.26.
Several analysts have recently commented on the stock. Analysts at Jefferson Research upgraded shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Friday. Separately, analysts at Roth Capital raised their price target on shares of Motorcar Parts of America from $25.00 to $30.00 in a research note on Tuesday, February 11th. Finally, analysts at Ladenburg Thalmann raised their price target on shares of Motorcar Parts of America from $66.00 to $69.00 in a research note on Monday, February 10th. They now have a “buy” rating on the stock. One 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. The company has an average rating of “Buy” and an average target price of $34.08.
The stock has a 50-day moving average of $20.96 and a 200-day moving average of $15.31. The company has a market cap of $402.5 million and a price-to-earnings ratio of 12.16.
Motorcar Parts of America (NASDAQ:MPAA) last announced its earnings results on Monday, February 10th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.26 by $0.13. The company had revenue of $65.60 million for the quarter, compared to the consensus estimate of $62.70 million. Motorcar Parts of America’s revenue was up 29.4% compared to the same quarter last year. On average, analysts predict that Motorcar Parts of America will post $1.39 earnings per share for the current fiscal year.
In other Motorcar Parts of America news, Director Philip Gay sold 25,000 shares of the stock in a transaction dated Friday, February 14th. The shares were sold at an average price of $26.21, for a total transaction of $655,250.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
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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