Motorcar Parts of America (MPAA) Earns Daily News Impact Score of 0.19
Media headlines about Motorcar Parts of America (NASDAQ:MPAA) have trended somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Motorcar Parts of America earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned news stories about the auto parts company an impact score of 46.0359932358442 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Motorcar Parts of America : New Video by MPA Explains the Core Exchange Process (4-traders.com)
- Motorcar Parts of America to Present at CL King’s 15th Annual Best Ideas Investor Conference (finance.yahoo.com)
- TheStreet Lowers Motorcar Parts of America, Inc. (MPAA) to C (americanbankingnews.com)
- Motorcar Parts of America, Inc. (MPAA) Expected to Post Earnings of $0.57 Per Share (americanbankingnews.com)
- Motorcar Parts of America, Inc. (MPAA) Downgraded to Hold at Zacks Investment Research (americanbankingnews.com)
Several research firms have recently issued reports on MPAA. BidaskClub downgraded shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. B. Riley reiterated a “buy” rating and issued a $39.00 target price on shares of Motorcar Parts of America in a research report on Monday, June 12th. Zacks Investment Research lowered Motorcar Parts of America from a “hold” rating to a “sell” rating in a research report on Tuesday, June 13th. TheStreet lowered Motorcar Parts of America from a “b-” rating to a “c” rating in a research report on Monday. Finally, FBR & Co reiterated an “outperform” rating and issued a $39.00 target price on shares of Motorcar Parts of America in a research report on Tuesday, July 18th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $34.75.
Shares of Motorcar Parts of America (NASDAQ MPAA) traded up 2.18% during midday trading on Thursday, reaching $26.26. The company had a trading volume of 30,513 shares. The stock has a market capitalization of $489.36 million, a PE ratio of 13.61 and a beta of 0.94. Motorcar Parts of America has a 52-week low of $21.75 and a 52-week high of $31.57. The company’s 50 day moving average price is $26.99 and its 200 day moving average price is $28.41.
Motorcar Parts of America (NASDAQ:MPAA) last announced its earnings results on Wednesday, August 9th. The auto parts company reported $0.38 earnings per share for the quarter, beating the consensus estimate of $0.34 by $0.04. Motorcar Parts of America had a return on equity of 16.77% and a net margin of 8.75%. The company had revenue of $95.06 million for the quarter, compared to the consensus estimate of $93.60 million. During the same period last year, the business posted $0.52 EPS. The company’s revenue was up 11.3% on a year-over-year basis. Equities research analysts expect that Motorcar Parts of America will post $2.38 earnings per share for the current year.
In related news, Director Rudolph J. Borneo sold 3,000 shares of Motorcar Parts of America stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $27.49, for a total value of $82,470.00. Following the sale, the director now directly owns 3,000 shares in the company, valued at $82,470. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Douglas Earl Schooner sold 4,834 shares of Motorcar Parts of America stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $28.27, for a total value of $136,657.18. Following the completion of the sale, the vice president now owns 10,261 shares in the company, valued at $290,078.47. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 9,531 shares of company stock worth $267,616. Company insiders own 4.40% of the company’s stock.
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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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