Motorcar Parts of America VP Michael Umansky Sells 10,000 Shares (MPAA)
Motorcar Parts of America (NASDAQ:MPAA) VP Michael Umansky sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $24.25, for a total value of $242,500.00. Following the transaction, the vice president now directly owns 8,300 shares in the company, valued at approximately $201,275. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on MPAA. 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, February 14th. 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 analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $34.08.
Shares of Motorcar Parts of America (NASDAQ:MPAA) traded up 4.79% during mid-day trading on Thursday, hitting $24.94. 202,932 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 $27.27. The stock has a 50-day moving average of $22.06 and a 200-day moving average of $16.04. The company has a market cap of $372.7 million and a P/E ratio of 11.26. Motorcar Parts of America also saw a large decrease in short interest in the month of January. As of February 14th, there was short interest totalling 441,494 shares, a decrease of 21.9% from the January 31st total of 564,950 shares. Approximately 3.2% of the company’s stock are sold short. Based on an average daily volume of 395,582 shares, the days-to-cover ratio is currently 1.1 days.
Motorcar Parts of America (NASDAQ:MPAA) last announced its earnings results on Monday, February 10th. The company reported $0.39 earnings per share for the quarter, beating the analysts’ 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.
Motorcar Parts of America, Inc (NASDAQ:MPAA) is a manufactures, remanufactures and distributes new and remanufactured steering components, brake calipers, master cylinders, hub assembly and bearings, and clutches and clutch hydraulics for virtually all passenger and truck vehicles.
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