BidaskClub cut shares of Motorcar Parts of America (NASDAQ:MPAA) from a hold rating to a sell rating in a research report sent to investors on Thursday.

Other research analysts also recently issued research reports about the stock. Roth Capital set a $26.00 price target on shares of Motorcar Parts of America and gave the stock a buy rating in a research report on Monday, February 12th. B. Riley reiterated a buy rating and set a $39.00 price target on shares of Motorcar Parts of America in a research report on Monday, February 12th. Zacks Investment Research upgraded shares of Motorcar Parts of America from a strong sell rating to a hold rating in a research report on Tuesday, April 17th. Finally, ValuEngine downgraded shares of Motorcar Parts of America from a buy rating to a hold rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus price target of $34.00.

MPAA opened at $21.05 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.18 and a current ratio of 0.74. Motorcar Parts of America has a twelve month low of $20.11 and a twelve month high of $31.57. The stock has a market capitalization of $401.51, a PE ratio of 12.17, a PEG ratio of 0.35 and a beta of 1.16.

Motorcar Parts of America (NASDAQ:MPAA) last issued its quarterly earnings results on Friday, February 9th. The auto parts company reported $0.34 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.15). The company had revenue of $100.10 million for the quarter, compared to analyst estimates of $113.46 million. Motorcar Parts of America had a return on equity of 13.00% and a net margin of 4.02%. The firm’s quarterly revenue was down 11.1% on a year-over-year basis. During the same quarter last year, the company earned $0.60 EPS. analysts expect that Motorcar Parts of America will post 1.81 earnings per share for the current year.

Motorcar Parts of America declared that its Board of Directors has initiated a stock buyback program on Friday, February 9th that authorizes the company to buyback $5.00 million in outstanding shares. This buyback authorization authorizes the auto parts company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

In related news, CEO Joffe Selwyn purchased 5,000 shares of Motorcar Parts of America stock in a transaction that occurred on Monday, February 12th. The shares were acquired at an average price of $21.00 per share, for a total transaction of $105,000.00. Following the transaction, the chief executive officer now directly owns 140,271 shares in the company, valued at $2,945,691. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders have purchased 6,612 shares of company stock worth $140,356. 4.20% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC acquired a new position in Motorcar Parts of America during the 4th quarter valued at about $200,000. HBK Investments L P acquired a new position in Motorcar Parts of America during the 4th quarter valued at about $240,000. Brandywine Global Investment Management LLC acquired a new position in Motorcar Parts of America during the 4th quarter valued at about $277,000. Landscape Capital Management L.L.C. acquired a new position in Motorcar Parts of America during the 4th quarter valued at about $288,000. Finally, Aperio Group LLC lifted its position in Motorcar Parts of America by 24.4% during the 4th quarter. Aperio Group LLC now owns 13,985 shares of the auto parts company’s stock valued at $349,000 after purchasing an additional 2,739 shares during the period.

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About Motorcar Parts of America

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes automotive aftermarket parts. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; brake master cylinders; and other products, such as turbochargers and brake power boosters for import and domestic cars, light trucks, heavy duty, agricultural, and industrial applications.

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