Motorcar Parts of America (NASDAQ:MPAA) Downgraded by BidaskClub

BidaskClub lowered shares of Motorcar Parts of America (NASDAQ:MPAA) from a hold rating to a sell rating in a research note published on Tuesday morning, BidAskClub reports.

Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of GENEL ENERGY PL/ADR from a hold rating to a sell rating in a research note on Thursday, July 4th. ValuEngine lowered shares of Viewray from a buy rating to a hold rating in a research note on Wednesday, April 24th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $27.00.

Shares of Motorcar Parts of America stock opened at $17.97 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.40 and a current ratio of 1.26. The stock has a 50-day simple moving average of $18.52. The company has a market cap of $341.20 million, a price-to-earnings ratio of 11.90 and a beta of 1.64. Motorcar Parts of America has a 1 year low of $12.09 and a 1 year high of $27.19.

Motorcar Parts of America (NASDAQ:MPAA) last issued its quarterly earnings results on Friday, June 28th. The auto parts company reported $0.53 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. The company had revenue of $132.66 million during the quarter, compared to analyst estimates of $131.53 million. Motorcar Parts of America had a negative net margin of 1.56% and a positive return on equity of 10.38%. Motorcar Parts of America’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS. Equities analysts anticipate that Motorcar Parts of America will post 1.71 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Segall Bryant & Hamill LLC purchased a new stake in Motorcar Parts of America during the 4th quarter valued at about $420,000. Victory Capital Management Inc. boosted its holdings in shares of Motorcar Parts of America by 11.5% during the 1st quarter. Victory Capital Management Inc. now owns 97,100 shares of the auto parts company’s stock valued at $1,832,000 after acquiring an additional 10,000 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Motorcar Parts of America during the 4th quarter valued at about $176,000. Equitable Trust Co. boosted its holdings in shares of Motorcar Parts of America by 18.0% during the 4th quarter. Equitable Trust Co. now owns 63,765 shares of the auto parts company’s stock valued at $1,061,000 after acquiring an additional 9,705 shares during the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Motorcar Parts of America by 20.8% during the 4th quarter. Rhumbline Advisers now owns 55,530 shares of the auto parts company’s stock valued at $924,000 after acquiring an additional 9,580 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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