U.S. Auto Parts Network Inc. (PRTS) Sees Large Volume Increase
Shares of U.S. Auto Parts Network Inc. (NASDAQ:PRTS) saw unusually-strong trading volume on Tuesday . Approximately 288,189 shares traded hands during mid-day trading, an increase of 59% from the previous session’s volume of 181,319 shares.The stock last traded at $3.70 and had previously closed at $3.69.
Separately, Zacks Investment Research upgraded U.S. Auto Parts Network from a “hold” rating to a “buy” rating and set a $3.50 price target on the stock in a research report on Wednesday, April 27th.
The firm has a market cap of $115.13 million and a P/E ratio of 82.50. The company has a 50-day moving average price of $4.05 and a 200-day moving average price of $3.45.
U.S. Auto Parts Network (NASDAQ:PRTS) last released its quarterly earnings data on Monday, August 8th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.01 by $0.02. The business earned $78.10 million during the quarter, compared to analyst estimates of $79.30 million. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year. On average, equities research analysts expect that U.S. Auto Parts Network Inc. will post $0.07 EPS for the current 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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