Motorcar Parts of America (NASDAQ:MPAA) Issues Quarterly Earnings Results

Motorcar Parts of America (NASDAQ:MPAA) released its quarterly earnings results on Monday. The auto parts company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.42), FiscalAI reports. Motorcar Parts of America had a negative return on equity of 0.57% and a negative net margin of 0.53%. The firm had revenue of $169.22 million for the quarter, compared to analyst estimates of $201.22 million.

Motorcar Parts of America Stock Performance

NASDAQ MPAA opened at $10.52 on Monday. The firm has a market cap of $199.14 million, a P/E ratio of -33.93 and a beta of 1.25. Motorcar Parts of America has a 52-week low of $9.29 and a 52-week high of $17.50. The business’s 50-day moving average price is $10.67 and its 200 day moving average price is $11.76. The company has a quick ratio of 0.39, a current ratio of 1.44 and a debt-to-equity ratio of 0.18.

Analysts Set New Price Targets

Several research firms have recently weighed in on MPAA. Zacks Research downgraded Motorcar Parts of America from a “hold” rating to a “strong sell” rating in a report on Monday, October 12th. Wall Street Zen cut shares of Motorcar Parts of America from a “strong-buy” rating to a “hold” rating in a report on Saturday, August 15th. Raymond James Financial set a $16.00 target price on shares of Motorcar Parts of America in a report on Tuesday, August 18th. Finally, Weiss Ratings downgraded shares of Motorcar Parts of America from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, August 25th. Two research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $18.00.

Motorcar Parts of America Company Profile

Motorcar Parts of America, Inc is an automotive parts manufacturer, remanufacturer and distributor serving the North American aftermarket. The company supplies replacement components for passenger vehicles, light trucks and other applications through automotive retailers, distributors, warehouse distributors and e-commerce channels.

Its product portfolio includes rotating electrical products such as alternators and starters, as well as wheel hub assemblies and a range of braking products.