Headlines about Motorcar Parts of America (NASDAQ:MPAA) have trended somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Motorcar Parts of America earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the auto parts company an impact score of 47.4480401797181 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the headlines that may have impacted Accern Sentiment’s rankings:

Shares of Motorcar Parts of America (MPAA) traded down $2.50 during trading on Friday, reaching $22.01. 1,363,678 shares of the company’s stock traded hands, compared to its average volume of 121,312. The stock has a market capitalization of $419.73, a price-to-earnings ratio of 25.59, a P/E/G ratio of 0.48 and a beta of 0.99. Motorcar Parts of America has a one year low of $20.94 and a one year high of $31.57. The company has a debt-to-equity ratio of 0.06, a current ratio of 0.89 and a quick ratio of 0.29.

Motorcar Parts of America (NASDAQ:MPAA) last announced its quarterly earnings results on Friday, February 9th. The auto parts company reported $0.34 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.15). The company had revenue of $100.10 million during the quarter, compared to analysts’ expectations of $113.46 million. Motorcar Parts of America had a net margin of 8.03% and a return on equity of 15.15%. The business’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.60 earnings per share. sell-side analysts predict that Motorcar Parts of America will post 2.01 earnings per share for the current year.

Motorcar Parts of America announced that its board has authorized a stock buyback plan on Friday, February 9th that permits the company to repurchase $5.00 million in shares. This repurchase authorization permits the auto parts company to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

MPAA has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Wednesday, November 8th. B. Riley reiterated a “buy” rating on shares of Motorcar Parts of America in a research note on Wednesday, November 1st. TheStreet lowered shares of Motorcar Parts of America from a “b-” rating to a “c” rating in a research note on Tuesday, December 5th. BidaskClub upgraded shares of Motorcar Parts of America from a “strong sell” rating to a “sell” rating in a research note on Saturday, December 16th. Finally, ValuEngine lowered shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $35.50.

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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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