Motorcar Parts of America (NASDAQ:MPAA - Get Free Report) issued its quarterly earnings data on Monday. The auto parts company reported $0.31 earnings per share for the quarter, missing analysts' consensus estimates of $0.43 by ($0.12), Zacks reports. Motorcar Parts of America had a negative net margin of 9.05% and a negative return on equity of 1.99%. During the same period in the prior year, the company earned ($0.27) earnings per share.
Motorcar Parts of America Stock Performance
NASDAQ:MPAA traded up $0.91 during mid-day trading on Thursday, hitting $8.56. 147,886 shares of the company's stock traded hands, compared to its average volume of 80,378. The firm has a market capitalization of $169.92 million, a price-to-earnings ratio of -2.45 and a beta of 1.47. The firm has a 50 day moving average of $7.32 and a two-hundred day moving average of $6.65. The company has a current ratio of 1.39, a quick ratio of 0.43 and a debt-to-equity ratio of 0.12. Motorcar Parts of America has a 12 month low of $4.36 and a 12 month high of $9.89.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on MPAA shares. Cantor Fitzgerald assumed coverage on shares of Motorcar Parts of America in a research report on Friday, December 20th. They issued an "overweight" rating and a $14.00 price target on the stock. StockNews.com upgraded shares of Motorcar Parts of America from a "buy" rating to a "strong-buy" rating in a report on Wednesday.
Check Out Our Latest Analysis on MPAA
Motorcar Parts of America Company Profile
(
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Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy-duty truck, industrial, marine, and agricultural application replacement parts in the United States. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; and brake-related products comprising brake calipers, brake boosters, brake rotors, brake pads, and brake master cylinders.
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