Motorcar Parts of America (MPAA) Projected to Post Earnings on Monday

Motorcar Parts of America (NASDAQ:MPAA) is expected to be announcing its earnings results before the market opens on Monday, February 10th. Analysts expect the company to announce earnings of $0.43 per share and revenue of $179.50 million for the quarter.

Motorcar Parts of America Stock Down 6.0 %

Shares of NASDAQ:MPAA opened at $5.66 on Friday. The business’s 50-day moving average is $7.42 and its 200-day moving average is $6.64. Motorcar Parts of America has a 1 year low of $4.36 and a 1 year high of $10.40. The company has a market capitalization of $112.35 million, a price-to-earnings ratio of -1.62 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.

Insider Activity at Motorcar Parts of America

In other Motorcar Parts of America news, Director Bison Capital Partners Vi, L.P bought 50,000 shares of the stock in a transaction that occurred on 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 directly owns 320,300 shares of the company’s stock, valued at approximately $2,197,258. The trade was a 18.50 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Cantor Fitzgerald assumed coverage on Motorcar Parts of America in a report on Friday, December 20th. They set an “overweight” rating and a $14.00 price target on the stock. StockNews.com raised shares of Motorcar Parts of America from a “hold” rating to a “buy” rating in a research note 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.