U.S. Auto Parts Network Inc. (PRTS) Trading Down 2.1%
Shares of U.S. Auto Parts Network Inc. (NASDAQ:PRTS) were down 2.1% during mid-day trading on Thursday . The stock traded as low as $3.64 and last traded at $3.66, with a volume of 84,067 shares changing hands. The stock had previously closed at $3.74.
Separately, Zacks Investment Research raised shares of U.S. Auto Parts Network from a “hold” rating to a “strong-buy” rating and set a $4.50 price objective for the company in a research report on Friday, August 12th.
The stock’s 50 day moving average is $3.93 and its 200 day moving average is $3.48. The stock has a market capitalization of $130.13 million and a P/E ratio of 93.25.
U.S. Auto Parts Network (NASDAQ:PRTS) last released its quarterly earnings results on Monday, August 8th. The company reported $0.03 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.02. The company earned $78.10 million during the quarter, compared to analyst estimates of $79.30 million. The company’s revenue for the quarter was up 2.1% on a year-over-year basis. On average, analysts forecast that U.S. Auto Parts Network Inc. will post $0.07 EPS for the current fiscal year.
U.S. Auto Parts Network, Inc is an online source for automotive aftermarket parts and repair information. The Company is an online provider of aftermarket auto parts, including collision parts, engine parts, and performance parts and accessories. Its Websites provide a range of stock keeping units (SKUs) with detailed product descriptions and photographs.
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