Motorcar Parts of America (MPAA) Stock Rating Lowered by TheStreet

TheStreet downgraded shares of Motorcar Parts of America (NASDAQ:MPAA) from a b- rating to a c rating in a research report released on Tuesday.

Other equities research analysts have also issued reports about the stock. B. Riley reiterated a buy rating on shares of Motorcar Parts of America in a report on Wednesday, November 1st. BidaskClub lowered shares of Motorcar Parts of America from a sell rating to a strong sell rating in a report on Tuesday, August 8th. Finally, Zacks Investment Research upgraded shares of Motorcar Parts of America from a sell rating to a hold rating in a report on Wednesday, November 8th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $35.50.

Motorcar Parts of America (NASDAQ:MPAA) opened at $24.48 on Tuesday. Motorcar Parts of America has a twelve month low of $23.98 and a twelve month high of $31.57. The firm has a market cap of $467.20, a P/E ratio of 12.44, a P/E/G ratio of 0.48 and a beta of 0.93. The company has a quick ratio of 0.29, a current ratio of 0.89 and a debt-to-equity ratio of 0.06.

Motorcar Parts of America (NASDAQ:MPAA) last announced its quarterly earnings data on Thursday, November 9th. The auto parts company reported $0.50 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.06). The business had revenue of $111.77 million during the quarter, compared to analyst estimates of $112.83 million. Motorcar Parts of America had a net margin of 8.03% and a return on equity of 15.15%. The company’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 earnings per share. equities analysts predict that Motorcar Parts of America will post 2.23 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Fine Capital Partners L.P. raised its holdings in Motorcar Parts of America by 2.0% in the third quarter. Fine Capital Partners L.P. now owns 1,810,626 shares of the auto parts company’s stock worth $53,341,000 after purchasing an additional 35,000 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Motorcar Parts of America by 8.8% during the third quarter. Dimensional Fund Advisors LP now owns 1,171,965 shares of the auto parts company’s stock worth $34,526,000 after acquiring an additional 94,985 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Motorcar Parts of America by 1.2% during the second quarter. Vanguard Group Inc. now owns 1,005,058 shares of the auto parts company’s stock worth $28,383,000 after acquiring an additional 11,783 shares in the last quarter. Royal Bank of Canada increased its position in shares of Motorcar Parts of America by 533.9% during the second quarter. Royal Bank of Canada now owns 835,139 shares of the auto parts company’s stock worth $23,584,000 after acquiring an additional 703,390 shares in the last quarter. Finally, State Street Corp increased its position in shares of Motorcar Parts of America by 4.4% during the second quarter. State Street Corp now owns 429,157 shares of the auto parts company’s stock worth $12,117,000 after acquiring an additional 18,153 shares in the last quarter.

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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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