Motorcar Parts of America (MPAA) to Release Earnings on Monday

Motorcar Parts of America (NASDAQ:MPAA) is anticipated to release its earnings data before the market opens on Monday, February 10th. Analysts expect Motorcar Parts of America to post earnings of $0.43 per share and revenue of $179.50 million for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Motorcar Parts of America Stock Up 1.6 %

Shares of NASDAQ MPAA opened at $5.75 on Friday. The company has a market capitalization of $114.14 million, a price-to-earnings ratio of -1.64 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. The business has a 50-day moving average of $7.40 and a two-hundred day moving average of $6.63. Motorcar Parts of America has a 1 year low of $4.36 and a 1 year high of $10.40.

Insider Activity at Motorcar Parts of America

In other news, Director Bison Capital Partners Vi, L.P purchased 50,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The shares were acquired at an average price of $6.86 per share, with a total value of $343,000.00. Following the purchase, the director now directly owns 320,300 shares of the company’s stock, valued at $2,197,258. The trade was a 18.50 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. 6.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have issued reports on MPAA. Cantor Fitzgerald began 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. StockNews.com upgraded Motorcar Parts of America from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th.

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.