Motorcar Parts of America (NASDAQ:MPAA) Stock Rating Lowered by BidaskClub

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Motorcar Parts of America (NASDAQ:MPAA) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued on Wednesday, June 20th.

Several other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a research report on Wednesday, June 20th. Roth Capital cut shares of Motorcar Parts of America from a “buy” rating to a “neutral” rating and cut their price target for the stock from $26.00 to $22.00 in a research report on Friday, June 15th. Finally, ValuEngine lowered shares of Motorcar Parts of America from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. Motorcar Parts of America presently has a consensus rating of “Hold” and a consensus target price of $33.00.

Shares of NASDAQ:MPAA opened at $19.02 on Wednesday. The company has a current ratio of 0.74, a quick ratio of 0.28 and a debt-to-equity ratio of 0.05. Motorcar Parts of America has a one year low of $18.09 and a one year high of $30.16. The stock has a market cap of $352.17 million, a price-to-earnings ratio of 11.19, a price-to-earnings-growth ratio of 0.40 and a beta of 1.21.

Motorcar Parts of America (NASDAQ:MPAA) last issued its quarterly earnings results on Thursday, June 14th. The auto parts company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.12). Motorcar Parts of America had a return on equity of 12.45% and a net margin of 3.81%. The business had revenue of $121.10 million for the quarter, compared to the consensus estimate of $123.86 million. During the same period last year, the firm earned $0.58 earnings per share. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. equities analysts forecast that Motorcar Parts of America will post 1.88 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. First Trust Advisors LP increased its stake in shares of Motorcar Parts of America by 16.0% during the 4th quarter. First Trust Advisors LP now owns 17,070 shares of the auto parts company’s stock worth $427,000 after purchasing an additional 2,349 shares during the last quarter. River Road Asset Management LLC grew its stake in Motorcar Parts of America by 0.3% in the 1st quarter. River Road Asset Management LLC now owns 947,250 shares of the auto parts company’s stock valued at $20,300,000 after buying an additional 2,453 shares during the last quarter. Aperio Group LLC grew its stake in Motorcar Parts of America by 24.4% in the 4th quarter. Aperio Group LLC now owns 13,985 shares of the auto parts company’s stock valued at $349,000 after buying an additional 2,739 shares during the last quarter. Barclays PLC grew its stake in Motorcar Parts of America by 93.9% in the 1st quarter. Barclays PLC now owns 5,864 shares of the auto parts company’s stock valued at $125,000 after buying an additional 2,840 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in Motorcar Parts of America by 2.5% in the 1st quarter. Principal Financial Group Inc. now owns 146,199 shares of the auto parts company’s stock valued at $3,133,000 after buying an additional 3,499 shares during the last quarter.

Motorcar Parts of America Company Profile

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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