Motorcar Parts of America (NASDAQ:MPAA - Get Free Report) 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.
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.
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.
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.
Read Our Latest Research Report on Motorcar Parts of America
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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