Motorcar Parts of America Director Mel Marks Unloads 2,900 Shares (MPAA)
Motorcar Parts of America (NASDAQ:MPAA) Director Mel Marks sold 2,900 shares of Motorcar Parts of America stock on the open market in a transaction dated Thursday, May 8th. The shares were sold at an average price of $25.95, for a total transaction of $75,255.00. Following the completion of the transaction, the director now directly owns 26,090 shares in the company, valued at approximately $677,036. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on MPAA. Analysts at Zacks downgraded shares of Motorcar Parts of America from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $30.50 price target on the stock. 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 hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $37.13.
Motorcar Parts of America (NASDAQ:MPAA) traded up 0.86% on Friday, hitting $24.75. The stock had a trading volume of 202,869 shares. Motorcar Parts of America has a 1-year low of $5.75 and a 1-year high of $29.29. The stock’s 50-day moving average is $26.33 and its 200-day moving average is $21.27. The company has a market cap of $369.9 million and a price-to-earnings ratio of 11.61.
Motorcar Parts of America (NASDAQ:MPAA) last released its earnings data on Monday, February 10th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the 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. The company’s revenue for the quarter was up 29.4% on a year-over-year basis. On average, analysts predict that Motorcar Parts of America will post $1.37 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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