Motorcar Parts of America (NASDAQ:MPAA) Issues Earnings Results, Misses Estimates By $0.12 EPS

Motorcar Parts of America (NASDAQ:MPAA) released its quarterly earnings data on Monday. The auto parts company reported $0.31 earnings per share for the quarter, missing the consensus estimate 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%.

Motorcar Parts of America Stock Performance

Shares of MPAA opened at $6.90 on Monday. The company has a market capitalization of $136.98 million, a PE ratio of -2.04 and a beta of 1.47. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.39 and a quick ratio of 0.43. Motorcar Parts of America has a one year low of $4.36 and a one year high of $10.40. The company’s fifty day moving average price is $7.37 and its 200 day moving average price is $6.63.

Insider Activity

In related news, Director Bison Capital Partners Vi, L.P acquired 50,000 shares of the company’s stock in a transaction dated Thursday, November 14th. The shares were bought at an average price of $6.86 per share, for a total transaction of $343,000.00. Following the acquisition, the director now owns 320,300 shares in the company, valued at $2,197,258. This trade represents a 18.50 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MPAA has been the subject of several recent research reports. StockNews.com upgraded Motorcar Parts of America from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. Cantor Fitzgerald started coverage on Motorcar Parts of America in a report on Friday, December 20th. They set an “overweight” rating and a $14.00 price target for the company.

Motorcar Parts of America Company Profile

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.