Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) have been assigned a consensus recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $35.50.

MPAA has been the topic of a number of recent analyst reports. BidaskClub raised Motorcar Parts of America from a “sell” rating to a “hold” rating in a research report on Friday. ValuEngine lowered Motorcar Parts of America from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research raised Motorcar Parts of America from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a research report on Wednesday, September 27th. Finally, TheStreet lowered Motorcar Parts of America from a “b-” rating to a “c” rating in a research report on Tuesday, December 5th.

Several hedge funds have recently modified their holdings of MPAA. Victory Capital Management Inc. grew its holdings in shares of Motorcar Parts of America by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,060 shares of the auto parts company’s stock valued at $115,000 after buying an additional 608 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in shares of Motorcar Parts of America by 57.5% during the second quarter. BNP Paribas Arbitrage SA now owns 5,478 shares of the auto parts company’s stock valued at $155,000 after buying an additional 2,001 shares in the last quarter. Voya Investment Management LLC grew its holdings in shares of Motorcar Parts of America by 14.8% during the second quarter. Voya Investment Management LLC now owns 9,322 shares of the auto parts company’s stock valued at $263,000 after buying an additional 1,204 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Motorcar Parts of America during the second quarter valued at $292,000. Finally, Thrivent Financial For Lutherans grew its holdings in shares of Motorcar Parts of America by 7.8% during the second quarter. Thrivent Financial For Lutherans now owns 11,290 shares of the auto parts company’s stock valued at $319,000 after buying an additional 820 shares in the last quarter.

Shares of Motorcar Parts of America (MPAA) opened at $28.27 on Tuesday. The stock has a market capitalization of $534.14, a price-to-earnings ratio of 15.79, a PEG ratio of 0.58 and a beta of 0.93. The company has a current ratio of 0.89, a quick ratio of 0.29 and a debt-to-equity ratio of 0.06. Motorcar Parts of America has a 52-week low of $23.92 and a 52-week high of $31.57.

Motorcar Parts of America (NASDAQ:MPAA) last announced its earnings results on Thursday, November 9th. The auto parts company reported $0.50 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.06). The company had revenue of $111.77 million for the quarter, compared to analyst estimates of $112.83 million. Motorcar Parts of America had a return on equity of 15.15% and a net margin of 8.03%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period last year, the firm earned $0.64 earnings per share. research analysts anticipate that Motorcar Parts of America will post 2.09 EPS for the current fiscal year.

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About Motorcar Parts of America

Motorcar Parts of America, Inc is a manufacturer, remanufacturer and distributor of automotive aftermarket parts, including alternators, starters, wheel hub assembly, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications.

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