Motorcar Parts of America (NASDAQ:MPAA) Receives News Impact Rating of 0.17
Media stories about Motorcar Parts of America (NASDAQ:MPAA) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Motorcar Parts of America earned a news impact score of 0.17 on Accern’s scale. Accern also gave headlines about the auto parts company an impact score of 46.2382482077299 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Head to Head Review: Fenix Parts (FENX) vs. Motorcar Parts of America (NASDAQ:MPAA) (americanbankingnews.com)
- Motorcar Parts of America, Inc. (MPAA) Given Consensus Rating of “Hold” by Brokerages (americanbankingnews.com)
- BRIEF-Motorcar Parts of America Q1 net sales $95.1 million (MPAA) (markets.businessinsider.com)
- Motorcar Parts of America Reports Fiscal 2018 First Quarter Results (globenewswire.com)
- Edited Transcript of MPAA earnings conference call or presentation 9-Aug-17 5:00pm GMT (finance.yahoo.com)
Motorcar Parts of America (NASDAQ:MPAA) traded down 0.96% during trading on Friday, hitting $26.92. 78,229 shares of the stock traded hands. The company’s 50 day moving average price is $27.63 and its 200-day moving average price is $28.46. The stock has a market cap of $501.65 million, a P/E ratio of 13.95 and a beta of 0.94. Motorcar Parts of America has a 52-week low of $21.75 and a 52-week high of $31.57.
Motorcar Parts of America (NASDAQ:MPAA) last issued its quarterly earnings data on Wednesday, August 9th. The auto parts company reported $0.38 EPS for the quarter, beating the Zacks’ consensus estimate of $0.34 by $0.04. The firm had revenue of $95.06 million for the quarter, compared to analysts’ expectations of $93.60 million. Motorcar Parts of America had a net margin of 8.75% and a return on equity of 16.77%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.52 EPS. Equities research analysts forecast that Motorcar Parts of America will post $2.38 earnings per share for the current fiscal year.
Several research firms have recently weighed in on MPAA. ValuEngine downgraded shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. B. Riley reissued a “buy” rating and issued a $39.00 price target on shares of Motorcar Parts of America in a research note on Monday, June 12th. BidaskClub raised shares of Motorcar Parts of America from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. FBR & Co reissued an “outperform” rating and issued a $39.00 price target on shares of Motorcar Parts of America in a research note on Tuesday, July 18th. Finally, Zacks Investment Research downgraded shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a research note on Tuesday, June 13th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Motorcar Parts of America presently has a consensus rating of “Hold” and a consensus price target of $36.33.
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In other Motorcar Parts of America news, VP Douglas Earl Schooner sold 1,192 shares of the company’s stock in a transaction dated Monday, June 26th. The shares were sold at an average price of $28.57, for a total value of $34,055.44. Following the transaction, the vice president now directly owns 4,235 shares in the company, valued at approximately $120,993.95. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Rudolph J. Borneo sold 3,000 shares of the company’s stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $27.49, for a total transaction of $82,470.00. Following the completion of the transaction, the director now owns 3,000 shares in the company, valued at $82,470. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,531 shares of company stock worth $267,616. 4.40% of the stock is owned by corporate insiders.
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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