Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Motorcar Parts of America (MPAA) Stock Price
Headlines about Motorcar Parts of America (NASDAQ:MPAA) have been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Motorcar Parts of America earned a daily sentiment score of 0.11 on Accern’s scale. Accern also gave news coverage about the auto parts company an impact score of 46.2738928478569 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news articles that may have effected Accern’s rankings:
- Motorcar Parts of America to Present At B. Riley Consumer Conference (finance.yahoo.com)
- Critical Review: Motorcar Parts of America (MPAA) vs. Its Peers (americanbankingnews.com)
- $112.70 Million in Sales Expected for Motorcar Parts of America, Inc. (MPAA) This Quarter (americanbankingnews.com)
- $0.57 Earnings Per Share Expected for Motorcar Parts of America, Inc. (MPAA) This Quarter (americanbankingnews.com)
A number of research firms have commented on MPAA. B. Riley reaffirmed a “buy” rating and issued a $39.00 target price on shares of Motorcar Parts of America in a research report on Saturday, June 17th. Zacks Investment Research raised shares of Motorcar Parts of America from a “sell” rating to a “hold” rating and set a $28.00 target price on the stock in a research report on Wednesday, August 16th. BidaskClub cut shares of Motorcar Parts of America from a “sell” rating to a “strong sell” rating in a research report on Tuesday, August 8th. TheStreet cut shares of Motorcar Parts of America from a “b-” rating to a “c” rating in a research report on Monday, August 28th. Finally, ValuEngine cut shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Motorcar Parts of America has an average rating of “Buy” and an average price target of $35.25.
Shares of Motorcar Parts of America (MPAA) traded up 1.30% during mid-day trading on Friday, hitting $28.01. 47,977 shares of the stock traded hands. The company has a market cap of $521.97 million, a P/E ratio of 14.51 and a beta of 0.95. Motorcar Parts of America has a one year low of $21.75 and a one year high of $31.57. The stock has a 50 day moving average price of $26.34 and a 200-day moving average price of $28.22.
Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings results on Wednesday, August 9th. The auto parts company reported $0.38 EPS for the quarter, beating the consensus estimate of $0.34 by $0.04. The company had revenue of $95.06 million during the quarter, compared to analysts’ expectations of $93.60 million. Motorcar Parts of America had a return on equity of 16.77% and a net margin of 8.75%. The firm’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 EPS. On average, analysts forecast that Motorcar Parts of America will post $2.38 earnings per share for the current fiscal year.
In other Motorcar Parts of America news, VP Douglas Earl Schooner sold 1,192 shares of Motorcar Parts of America stock in a transaction dated Monday, June 26th. The stock was sold at an average price of $28.57, for a total value of $34,055.44. Following the completion of the sale, the vice president now owns 4,235 shares in the company, valued at approximately $120,993.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.40% of the stock is owned by insiders.
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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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