Media stories about Motorcar Parts of America (NASDAQ:MPAA) have been trending somewhat positive on Monday, Accern reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Motorcar Parts of America earned a coverage optimism score of 0.13 on Accern’s scale. Accern also assigned news stories about the auto parts company an impact score of 46.0726860282302 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

A number of research firms have weighed in on MPAA. BidaskClub cut Motorcar Parts of America from a “buy” rating to a “hold” rating in a report on Saturday. ValuEngine upgraded Motorcar Parts of America from a “sell” rating to a “hold” rating in a report on Monday, August 20th. Zacks Investment Research cut Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Wednesday, June 20th. Finally, Roth Capital set a $25.00 price target on Motorcar Parts of America and gave the stock a “hold” rating in a report on Sunday, August 12th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Motorcar Parts of America has a consensus rating of “Hold” and an average price target of $32.00.

Shares of MPAA opened at $24.93 on Monday. Motorcar Parts of America has a 52-week low of $18.09 and a 52-week high of $30.16. The company has a market capitalization of $471.58 million, a price-to-earnings ratio of 14.66, a price-to-earnings-growth ratio of 0.52 and a beta of 1.81. The company has a current ratio of 1.46, a quick ratio of 0.48 and a debt-to-equity ratio of 0.10.

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

In other Motorcar Parts of America news, Director Joseph Edwin Ferguson sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 29th. The stock was sold at an average price of $26.45, for a total value of $26,450.00. Following the transaction, the director now directly owns 3,742 shares of the company’s stock, valued at approximately $98,975.90. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Rudolph J. Borneo sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $26.39, for a total value of $79,170.00. Following the completion of the transaction, the director now directly owns 3,000 shares in the company, valued at $79,170. The disclosure for this sale can be found here. Corporate insiders own 4.70% of the company’s stock.

Motorcar Parts of America Company Profile

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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Insider Buying and Selling by Quarter for Motorcar Parts of America (NASDAQ:MPAA)

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