Motorcar Parts of America (NASDAQ:MPAA) Stock Rating Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of Motorcar Parts of America (NASDAQ:MPAA) from a hold rating to a strong sell rating in a report released on Monday,Zacks reports.

A number of other brokerages also recently commented on MPAA. Wall Street Zen downgraded shares of Motorcar Parts of America from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 15th. Weiss Ratings cut Motorcar Parts of America from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 25th. Finally, Raymond James Financial set a $16.00 price objective on shares of Motorcar Parts of America in a research note on Tuesday, August 18th. Two research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to data from MarketBeat, Motorcar Parts of America has an average rating of “Hold” and an average price target of $18.00.

Motorcar Parts of America Stock Performance

Shares of NASDAQ:MPAA opened at $10.59 on Monday. The company has a market capitalization of $200.47 million, a price-to-earnings ratio of -34.16 and a beta of 1.19. Motorcar Parts of America has a 12 month low of $9.29 and a 12 month high of $18.12. The firm’s 50-day moving average is $11.38 and its 200 day moving average is $12.18. The company has a current ratio of 1.44, a quick ratio of 0.39 and a debt-to-equity ratio of 0.18.

Motorcar Parts of America (NASDAQ:MPAA) last released its quarterly earnings data on Monday, August 10th. The auto parts company reported ($0.71) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.91). The company had revenue of $168.02 million during the quarter, compared to analysts’ expectations of $183.00 million. Motorcar Parts of America had a negative net margin of 0.53% and a negative return on equity of 0.57%. Research analysts predict that Motorcar Parts of America will post 0.19 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Donald Smith & CO. Inc. acquired a new stake in shares of Motorcar Parts of America during the second quarter worth $18,965,000. BlackRock Inc. purchased a new stake in shares of Motorcar Parts of America during the second quarter valued at $16,152,000. Azarias Capital Management L.P. boosted its position in shares of Motorcar Parts of America by 146.2% in the 1st quarter. Azarias Capital Management L.P. now owns 532,869 shares of the auto parts company’s stock valued at $5,894,000 after purchasing an additional 316,461 shares during the period. Empowered Funds LLC acquired a new position in shares of Motorcar Parts of America in the 2nd quarter valued at $1,326,000. Finally, Manatuck Hill Partners LLC acquired a new position in shares of Motorcar Parts of America in the 2nd quarter valued at $996,000. 83.48% of the stock is owned by hedge funds and other institutional investors.

Motorcar Parts of America Company Profile

Motorcar Parts of America, Inc designs, manufactures, remanufactures and distributes automotive replacement parts for the aftermarket. Its product offerings primarily include rotating electrical components such as alternators and starters, along with brake-related products and other replacement parts used in passenger vehicles, light trucks and other applications.

The company sells products under several brand names, including Quality-Built, Pure Energy and DuraGo, and also supplies private-label products to automotive parts distributors and retailers.