Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) have received an average recommendation of “Hold” from the six analysts that are covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $32.00.

Several research firms have recently issued reports on MPAA. Zacks Investment Research cut shares of Motorcar Parts of America from a “strong-buy” rating to a “hold” rating in a report on Saturday. BidaskClub cut shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. ValuEngine cut shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a report on Monday, September 24th. Finally, Roth Capital set a $25.00 price objective on shares of Motorcar Parts of America and gave the company a “hold” rating in a report on Sunday, August 12th.

Shares of NASDAQ:MPAA traded up $0.38 during trading hours on Thursday, hitting $21.99. The stock had a trading volume of 4,742 shares, compared to its average volume of 194,197. Motorcar Parts of America has a 1-year low of $18.09 and a 1-year high of $30.16. The firm has a market capitalization of $443.58 million, a P/E ratio of 12.70 and a beta of 1.70. The company has a current ratio of 1.46, a quick ratio of 0.48 and a debt-to-equity ratio of 0.10.

Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings data on Thursday, August 9th. The auto parts company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). The company had revenue of $92.57 million during the quarter, compared to the consensus estimate of $95.73 million. Motorcar Parts of America had a net margin of 0.86% and a return on equity of 10.53%. The company’s revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the business earned $0.43 earnings per share. Analysts predict that Motorcar Parts of America will post 1.91 EPS for the current year.

In related news, Director Joseph Edwin Ferguson sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 29th. The shares were sold at an average price of $26.45, for a total transaction of $26,450.00. Following the completion of the sale, the director now directly owns 3,742 shares in the company, valued at $98,975.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey P. Mirvis sold 12,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 19th. The stock was sold at an average price of $25.32, for a total transaction of $316,500.00. The disclosure for this sale can be found here. Insiders sold 16,500 shares of company stock valued at $422,120 over the last quarter. Insiders own 4.70% of the company’s stock.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Motorcar Parts of America by 6.0% during the second quarter. BlackRock Inc. now owns 2,652,912 shares of the auto parts company’s stock worth $49,636,000 after buying an additional 151,139 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Motorcar Parts of America by 10.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,551,951 shares of the auto parts company’s stock worth $29,037,000 after buying an additional 148,760 shares in the last quarter. Private Capital Management LLC bought a new stake in Motorcar Parts of America during the second quarter worth approximately $26,854,000. Royal Bank of Canada boosted its holdings in Motorcar Parts of America by 6.7% during the first quarter. Royal Bank of Canada now owns 1,026,189 shares of the auto parts company’s stock worth $21,992,000 after buying an additional 64,607 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS boosted its holdings in Motorcar Parts of America by 19.6% during the second quarter. Kornitzer Capital Management Inc. KS now owns 545,176 shares of the auto parts company’s stock worth $10,200,000 after buying an additional 89,170 shares in the last quarter.

About Motorcar Parts of America

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy duty trucks, and industrial and agricultural application parts. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; brake master cylinders; and other products, such as turbochargers, brake power boosters, and diagnostic equipment.

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