Motorcar Parts of America Reaches New 1-Year High at $31.00 (MPAA)
Motorcar Parts of America (NASDAQ:MPAA) shares hit a new 52-week high during trading on Wednesday , Stock Ratings Network.com 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.
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