Motorcar Parts of America, Inc. (NASDAQ:MPAA) SVP Richard K. Mochulsky Sells 2,000 Shares of Stock

Motorcar Parts of America, Inc. (NASDAQ:MPAA) SVP Richard K. Mochulsky sold 2,000 shares of the company’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of $20.79, for a total value of $41,580.00. Following the completion of the transaction, the senior vice president now owns 6,047 shares of the company’s stock, valued at $125,717.13. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ MPAA traded down $0.52 during trading hours on Friday, reaching $20.43. The stock had a trading volume of 106,900 shares, compared to its average volume of 133,723. The business’s fifty day moving average is $17.71 and its two-hundred day moving average is $17.75. The company has a market cap of $408.22 million, a price-to-earnings ratio of 13.53 and a beta of 1.53. Motorcar Parts of America, Inc. has a twelve month low of $13.41 and a twelve month high of $24.60. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.24 and a quick ratio of 0.33.

Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings results on Tuesday, November 12th. The auto parts company reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.26. The business had revenue of $151.43 million for the quarter, compared to analysts’ expectations of $142.98 million. Motorcar Parts of America had a positive return on equity of 10.48% and a negative net margin of 1.14%. The firm’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.60 earnings per share. Sell-side analysts forecast that Motorcar Parts of America, Inc. will post 1.58 earnings per share for the current fiscal year.

A number of research analysts recently commented on the company. BidaskClub upgraded Motorcar Parts of America from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 1st. Roth Capital upped their target price on Motorcar Parts of America from $17.00 to $25.00 and gave the company a “buy” rating in a research note on Wednesday. ValuEngine lowered Motorcar Parts of America from a “hold” rating to a “sell” rating in a research note on Monday, November 11th. TheStreet upgraded Motorcar Parts of America from a “d+” rating to a “c-” rating in a research note on Monday, November 4th. Finally, Zacks Investment Research lowered Motorcar Parts of America from a “buy” rating to a “hold” rating in a research note on Thursday, October 10th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $23.33.

A number of institutional investors have recently bought and sold shares of MPAA. Bank of Montreal Can boosted its holdings in Motorcar Parts of America by 2,191.7% in the second quarter. Bank of Montreal Can now owns 1,650 shares of the auto parts company’s stock valued at $35,000 after acquiring an additional 1,578 shares during the last quarter. Venturi Wealth Management LLC bought a new position in Motorcar Parts of America in the third quarter valued at about $68,000. Quantamental Technologies LLC bought a new position in Motorcar Parts of America in the second quarter valued at about $92,000. State of Tennessee Treasury Department boosted its holdings in Motorcar Parts of America by 8.5% in the third quarter. State of Tennessee Treasury Department now owns 8,242 shares of the auto parts company’s stock valued at $139,000 after acquiring an additional 648 shares during the last quarter. Finally, Aperio Group LLC bought a new position in Motorcar Parts of America in the second quarter valued at about $177,000.

Motorcar Parts of America Company Profile

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.

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