Shares of Motorcar Parts of America, Inc. (NASDAQ:MPAA) have been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $32.00.

Several equities analysts recently issued reports on the stock. CL King downgraded shares of Motorcar Parts of America from a “buy” rating to a “neutral” rating in a report on Friday. ValuEngine downgraded shares of Motorcar Parts of America from a “sell” rating to a “strong sell” rating in a report on Saturday. BidaskClub raised shares of Motorcar Parts of America from a “hold” rating to a “buy” rating in a report on Wednesday, August 22nd. Zacks Investment Research raised shares of Motorcar Parts of America from a “strong sell” rating to a “hold” rating in a report on Thursday, August 16th. Finally, Roth Capital set a $25.00 price target on shares of Motorcar Parts of America and gave the company a “hold” rating in a report on Sunday, August 12th.

In other Motorcar Parts of America news, Director Rudolph J. Borneo sold 3,000 shares of the business’s stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $26.39, for a total value of $79,170.00. Following the completion of the transaction, the director now directly owns 3,000 shares of the company’s stock, valued at $79,170. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Joseph Edwin Ferguson sold 1,000 shares of the business’s stock in a transaction dated Wednesday, August 29th. The stock was sold at an average price of $26.45, for a total transaction of $26,450.00. Following the completion of the transaction, the director now directly owns 3,742 shares of the company’s stock, valued at $98,975.90. The disclosure for this sale can be found here. Insiders have sold a total of 16,500 shares of company stock valued at $422,120 over the last three months. 4.70% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN raised its stake in shares of Motorcar Parts of America by 1.3% in the third quarter. Wells Fargo & Company MN now owns 210,304 shares of the auto parts company’s stock worth $4,932,000 after acquiring an additional 2,634 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Motorcar Parts of America by 3.7% in the third quarter. Victory Capital Management Inc. now owns 75,100 shares of the auto parts company’s stock worth $1,761,000 after acquiring an additional 2,700 shares during the last quarter. Barclays PLC raised its stake in shares of Motorcar Parts of America by 93.9% in the first quarter. Barclays PLC now owns 5,864 shares of the auto parts company’s stock worth $125,000 after acquiring an additional 2,840 shares during the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Motorcar Parts of America by 3.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 99,059 shares of the auto parts company’s stock worth $1,854,000 after acquiring an additional 3,207 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Motorcar Parts of America by 18.0% in the second quarter. First Trust Advisors LP now owns 21,616 shares of the auto parts company’s stock worth $404,000 after acquiring an additional 3,295 shares during the last quarter.

MPAA stock traded down $4.59 during trading on Monday, hitting $17.20. 2,204,849 shares of the stock traded hands, compared to its average volume of 180,335. Motorcar Parts of America has a one year low of $12.09 and a one year high of $28.98. The company has a market capitalization of $412.37 million, a P/E ratio of 10.11 and a beta of 1.66. The company has a quick ratio of 0.48, a current ratio of 1.46 and a debt-to-equity ratio of 0.10.

Motorcar Parts of America (NASDAQ:MPAA) last announced its quarterly earnings results on Thursday, August 9th. The auto parts company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.06). Motorcar Parts of America had a net margin of 0.86% and a return on equity of 10.53%. The firm had revenue of $92.57 million for the quarter, compared to the consensus estimate of $95.73 million. During the same period in the prior year, the business earned $0.43 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, research analysts expect that Motorcar Parts of America will post 1.91 earnings per share for the current year.

About Motorcar Parts of America

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy duty trucks, and industrial and agricultural application 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, brake power boosters, and diagnostic equipment.

Featured Story: Are all No-Load Funds Equal?

Receive News & Ratings for Motorcar Parts of America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Motorcar Parts of America and related companies with MarketBeat.com's FREE daily email newsletter.