Share on StockTwits

Motorcar Parts of America (NASDAQ:MPAA) shares hit a new 52-week high during trading on Wednesday , Stock Ratings reports. The stock traded as high as $31.00 and last traded at $30.10, with a volume of 1,916,482 shares changing hands. The stock had previously closed at $27.84.

A number of analysts have recently weighed in on MPAA shares. Analysts at TheStreet upgraded shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Wednesday, June 18th. Analysts at B. Riley cut their price target on shares of Motorcar Parts of America from $34.00 to $28.00 in a research note on Friday, June 13th. One analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $42.33.

The stock has a 50-day moving average of $25.07 and a 200-day moving average of $25.16. The company has a market cap of $445.6 million and a P/E ratio of 42.44.

Motorcar Parts of America (NASDAQ:MPAA) last released its earnings data on Monday, August 11th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.25 by $0.05. The company had revenue of $63.00 million for the quarter, compared to the consensus estimate of $60.84 million. The company’s quarterly revenue was up 25.5% on a year-over-year basis. On average, analysts predict that Motorcar Parts of America will post $1.59 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.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.