Headlines about Motorcar Parts of America (NASDAQ:MPAA) have been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Motorcar Parts of America earned a news sentiment score of 0.10 on Accern’s scale. Accern also gave headlines about the auto parts company an impact score of 45.251797833652 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment’s rankings:
Shares of MPAA traded down $0.42 on Thursday, reaching $21.71. 57,074 shares of the company’s stock were exchanged, compared to its average volume of 180,395. The company has a market cap of $422.49, a price-to-earnings ratio of 9.92, a price-to-earnings-growth ratio of 0.37 and a beta of 1.16. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.74 and a quick ratio of 0.18. Motorcar Parts of America has a 12 month low of $20.11 and a 12 month high of $31.57.
Motorcar Parts of America (NASDAQ:MPAA) last released its quarterly earnings results on Friday, February 9th. The auto parts company reported $0.34 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.15). Motorcar Parts of America had a return on equity of 13.00% and a net margin of 4.02%. The business had revenue of $100.10 million for the quarter, compared to the consensus estimate of $113.46 million. During the same period in the prior year, the business posted $0.60 earnings per share. Motorcar Parts of America’s revenue was down 11.1% compared to the same quarter last year. analysts expect that Motorcar Parts of America will post 1.81 EPS for the current year.
Motorcar Parts of America announced that its board has authorized a stock repurchase plan on Friday, February 9th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the auto parts company to buy shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.
A number of research firms have recently commented on MPAA. BidaskClub upgraded Motorcar Parts of America from a “sell” rating to a “hold” rating in a report on Friday, January 5th. Zacks Investment Research lowered shares of Motorcar Parts of America from a “hold” rating to a “sell” rating in a research note on Thursday, February 8th. B. Riley restated a “buy” rating and issued a $39.00 price target on shares of Motorcar Parts of America in a research report on Monday, February 12th. ValuEngine lowered shares of Motorcar Parts of America from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Roth Capital set a $26.00 target price on shares of Motorcar Parts of America and gave the company a “buy” rating in a research note on Monday, February 12th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $34.00.
In related news, CEO Joffe Selwyn purchased 5,000 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The shares were bought at an average cost of $21.00 per share, with a total value of $105,000.00. Following the acquisition, the chief executive officer now owns 140,271 shares of the company’s stock, valued at $2,945,691. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired a total of 6,612 shares of company stock valued at $140,356 in the last 90 days. 4.20% of the stock is currently owned by company insiders.
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Motorcar Parts of America Company Profile
Motorcar Parts of America, Inc manufactures, remanufactures, and distributes automotive aftermarket 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 and brake power boosters for import and domestic cars, light trucks, heavy duty, agricultural, and industrial applications.
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