Motorcar Parts of America (MPAA) to Release Earnings on Monday
Motorcar Parts of America (NASDAQ:MPAA) is scheduled to release its Q414 earnings data on Monday, June 16th. Analysts expect Motorcar Parts of America to post earnings of $0.39 per share and revenue of $70.65 million for the quarter.
Shares of Motorcar Parts of America (NASDAQ:MPAA) opened at 23.90 on Friday. Motorcar Parts of America has a 52 week low of $6.82 and a 52 week high of $29.29. The stock’s 50-day moving average is $25.51 and its 200-day moving average is $23.04. The company has a market cap of $357.2 million and a price-to-earnings ratio of 11.47.
On a related note, 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. One analyst has rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $37.13.
In other Motorcar Parts of America news, Director Mel Marks unloaded 22,103 shares of the company’s stock in a transaction that occurred on Monday, June 2nd. The stock was sold at an average price of $22.74, for a total transaction of $502,622.22. The sale was disclosed in a filing with the SEC, which is available at this link.
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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