Motorcar Parts of America (NASDAQ:MPAA) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Monday.

Several other research analysts have also issued reports on MPAA. Zacks Investment Research raised Motorcar Parts of America from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Thursday, September 13th. BidaskClub raised Motorcar Parts of America from a “strong sell” rating to a “sell” rating in a research report on Friday, July 6th. Finally, Roth Capital set a $25.00 target price on Motorcar Parts of America and gave the stock a “hold” rating in a research report on Sunday, August 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $30.67.

Shares of MPAA traded down $0.98 during trading hours on Monday, reaching $24.01. The stock had a trading volume of 75,300 shares, compared to its average volume of 198,122. Motorcar Parts of America has a 12 month low of $18.09 and a 12 month high of $30.16. The stock has a market capitalization of $472.71 million, a price-to-earnings ratio of 14.12 and a beta of 1.81. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.48 and a current ratio of 1.46.

Motorcar Parts of America (NASDAQ:MPAA) last announced its quarterly earnings results on Thursday, August 9th. The auto parts company reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by ($0.06). The firm had revenue of $92.57 million during the quarter, compared to the consensus estimate of $95.73 million. Motorcar Parts of America had a net margin of 0.86% and a return on equity of 10.53%. The firm’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.43 earnings per share. equities analysts forecast that Motorcar Parts of America will post 1.91 EPS for the current year.

In other Motorcar Parts of America news, Director Jeffrey P. Mirvis sold 12,500 shares of the stock in a transaction dated Wednesday, September 19th. The stock was sold at an average price of $25.32, for a total transaction of $316,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Rudolph J. Borneo sold 3,000 shares of the stock in a transaction dated Monday, August 27th. The stock was sold at an average price of $26.39, for a total value of $79,170.00. Following the sale, the director now owns 3,000 shares of the company’s stock, valued at $79,170. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 16,500 shares of company stock valued at $422,120. 4.70% of the stock is owned by corporate insiders.

A number of institutional investors have recently modified their holdings of the business. Barclays PLC grew its holdings in Motorcar Parts of America by 93.9% during the 1st quarter. Barclays PLC now owns 5,864 shares of the auto parts company’s stock worth $125,000 after acquiring an additional 2,840 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Motorcar Parts of America by 3.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 99,059 shares of the auto parts company’s stock worth $1,854,000 after acquiring an additional 3,207 shares during the period. First Trust Advisors LP grew its holdings in Motorcar Parts of America by 18.0% during the 2nd quarter. First Trust Advisors LP now owns 21,616 shares of the auto parts company’s stock worth $404,000 after acquiring an additional 3,295 shares during the period. Principal Financial Group Inc. grew its holdings in Motorcar Parts of America by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 146,199 shares of the auto parts company’s stock worth $3,133,000 after acquiring an additional 3,499 shares during the period. Finally, Foundry Partners LLC grew its holdings in Motorcar Parts of America by 1.6% during the 2nd quarter. Foundry Partners LLC now owns 304,665 shares of the auto parts company’s stock worth $5,700,000 after acquiring an additional 4,675 shares during the period.

About Motorcar Parts of America

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy duty trucks, and industrial and agricultural application parts. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; brake master cylinders; and other products, such as turbochargers, brake power boosters, and diagnostic equipment.

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