ValuEngine upgraded shares of U.S. Auto Parts Network (NASDAQ:PRTS) from a hold rating to a buy rating in a report released on Saturday.

A number of other brokerages have also recently issued reports on PRTS. Zacks Investment Research upgraded U.S. Auto Parts Network from a sell rating to a hold rating in a research note on Wednesday, July 4th. Barrington Research started coverage on U.S. Auto Parts Network in a report on Thursday, September 13th. They issued an outperform rating and a $5.00 target price for the company.

Shares of NASDAQ:PRTS opened at $1.62 on Friday. The firm has a market cap of $55.97 million, a price-to-earnings ratio of 16.20 and a beta of 1.18. U.S. Auto Parts Network has a 12-month low of $1.08 and a 12-month high of $3.14. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.29 and a quick ratio of 0.25.

U.S. Auto Parts Network (NASDAQ:PRTS) last announced its quarterly earnings data on Wednesday, August 8th. The specialty retailer reported ($0.02) earnings per share (EPS) for the quarter. The company had revenue of $76.97 million for the quarter. U.S. Auto Parts Network had a negative net margin of 0.98% and a positive return on equity of 3.19%. research analysts anticipate that U.S. Auto Parts Network will post -0.02 EPS for the current year.

Several institutional investors have recently bought and sold shares of PRTS. Wynnefield Capital Inc. increased its holdings in shares of U.S. Auto Parts Network by 37.0% in the 1st quarter. Wynnefield Capital Inc. now owns 436,583 shares of the specialty retailer’s stock worth $895,000 after purchasing an additional 117,959 shares in the last quarter. North Star Investment Management Corp. grew its holdings in shares of U.S. Auto Parts Network by 3.2% in the second quarter. North Star Investment Management Corp. now owns 1,522,335 shares of the specialty retailer’s stock worth $2,284,000 after acquiring an additional 47,900 shares during the period. Bard Associates Inc. bought a new stake in shares of U.S. Auto Parts Network in the second quarter worth $225,000. Finally, B. Riley Financial Inc. bought a new stake in shares of U.S. Auto Parts Network in the second quarter worth $273,000. 43.66% of the stock is owned by institutional investors and hedge funds.

About U.S. Auto Parts Network

U.S. Auto Parts Network, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories primarily in the United States and the Philippines. It offers collision parts, such as parts for the exterior of an automobile; mirror products; engine parts comprising engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories to individual consumers through its network of e-commerce Websites and online marketplaces.

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