The stock of Motorcar Parts of America, Inc. (NASDAQ:MPAA) hit a new 52-week low and has $21.76 target or 10.00% below today’s $24.18 share price. The 5 months bearish chart indicates high risk for the $456.76 million company. The 1-year low was reported on Nov, 9 by Barchart.com. If the $21.76 price target is reached, the company will be worth $45.68 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 641,513 shares traded hands or 479.39% up from the average. Motorcar Parts of America, Inc. (NASDAQ:MPAA) has declined 32.46% since April 7, 2016 and is downtrending. It has underperformed by 37.25% the S&P500.
Analysts await Motorcar Parts of America, Inc. (NASDAQ:MPAA) to report earnings on November, 14. They expect $0.56 earnings per share, down 6.67% or $0.04 from last year’s $0.6 per share. MPAA’s profit will be $10.58M for 10.79 P/E if the $0.56 EPS becomes a reality. After $0.50 actual earnings per share reported by Motorcar Parts of America, Inc. for the previous quarter, Wall Street now forecasts 12.00% EPS growth.
Motorcar Parts of America, Inc. (NASDAQ:MPAA) Ratings Coverage
Out of 6 analysts covering Motorcar Parts of America (NASDAQ:MPAA), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Motorcar Parts of America has been the topic of 9 analyst reports since August 11, 2015 according to StockzIntelligence Inc. B. Riley & Co maintained the stock with “Buy” rating in Tuesday, August 11 report. The company was maintained on Tuesday, November 10 by TH Capital. Sidoti initiated it with “Buy” rating and $40 target price in Wednesday, September 9 report. The rating was maintained by TH Capital on Tuesday, August 11 with “Buy”. The firm earned “Buy” rating on Monday, March 14 by CL King. Roth Capital maintained Motorcar Parts of America, Inc. (NASDAQ:MPAA) rating on Tuesday, November 10. Roth Capital has “Buy” rating and $44 price target. The firm has “Neutral” rating by B. Riley & Co given on Wednesday, August 10. Zacks upgraded the stock to “Sell” rating in Monday, August 17 report.
According to Zacks Investment Research, “Mototcar Parts & Accessories Inc. is a leading manufacturer of replacement alternators and starters for imported and domestic cars and light trucks in the United States and Canada. The company’s full line of alternators and starters are remanufactured for vehicles imported from Japan, Germany, Sweden, France and Korea. The imported vehicles for which the company remanufactures alternators and starters also include vehicles produced by GM, Chrysler and Ford. The company also assembles and distributes ignition wire sets for imported and domestic cars and light trucks.”
Insitutional Activity: The institutional sentiment increased to 1.03 in 2016 Q2. Its up 0.01, from 1.02 in 2016Q1. The ratio improved, as 25 funds sold all Motorcar Parts of America, Inc. shares owned while 40 reduced positions. 24 funds bought stakes while 43 increased positions. They now own 19.26 million shares or 1.62% less from 19.58 million shares in 2016Q1.
The Kansas-based Waddell And Reed Financial Inc has invested 0.03% in Motorcar Parts of America, Inc. (NASDAQ:MPAA). Tygh Mngmt Inc last reported 49,425 shares in the company. Legal General Gp Plc accumulated 0% or 2,999 shares. Timpani Cap Mgmt Limited Liability Corporation has 0.66% invested in the company for 57,071 shares. reported 75 shares or 0% of all its holdings. Summit Creek Advsrs Limited Liability has invested 2.73% of its portfolio in Motorcar Parts of America, Inc. (NASDAQ:MPAA). Stevens Management Limited Partnership holds 0.02% or 18,827 shares in its portfolio. Stephens Inv Mgmt Grp Limited Liability, a Texas-based fund reported 497,271 shares. Moreover, Clarivest Asset Management Ltd Liability has 0% invested in Motorcar Parts of America, Inc. (NASDAQ:MPAA) for 222 shares. Johnson Inc has invested 0% of its portfolio in Motorcar Parts of America, Inc. (NASDAQ:MPAA). Moreover, State Bank Of America Corporation De has 0% invested in Motorcar Parts of America, Inc. (NASDAQ:MPAA) for 14,395 shares. Moreover, Allianz Asset Management Ag has 0.01% invested in Motorcar Parts of America, Inc. (NASDAQ:MPAA) for 427,687 shares. The Texas-based Ranger Mgmt Lp has invested 1.43% in Motorcar Parts of America, Inc. (NASDAQ:MPAA). Envestnet Asset Mngmt holds 0% or 1,736 shares in its portfolio. Ubs Asset Mgmt Americas has 12,900 shares for 0% of their US portfolio.
More important recent Motorcar Parts of America, Inc. (NASDAQ:MPAA) news were published by: Seekingalpha.com which released: “Motorcar Parts Of America – An American Wonder Or A Bust?” on November 03, 2016, also Marketwatch.com published article titled: “Motorcar Parts of America Inc.”, Globenewswire.com published: “Motorcar Parts of America to Report Fiscal 2017 Second Quarter Results; Host …” on November 03, 2016. More interesting news about Motorcar Parts of America, Inc. (NASDAQ:MPAA) was released by: Globenewswire.com and their article: “Motorcar Parts of America Launches Brake Power Booster Product Line; Acquires …” with publication date: August 08, 2016.
MPAA Company Profile
Motorcar Parts of America, Inc., incorporated on April 2, 1968, is a manufacturer, remanufacturer and distributor of automotive aftermarket parts, including alternators, starters, wheel hub assembly, brake master cylinders, brake power boosters and turbochargers utilized in imported and domestic passenger vehicles, light trucks and heavy-duty applications. The Firm sells its products in North America to auto parts retail and traditional warehouse chains and to automobile manufacturers for both their aftermarket programs and their warranty replacement programs (OES). The Company’s products meet equipment maker specifications. The Firm produces both new and remanufactured units. It recycles materials, including metal from the used cores and corrugated packaging. The Firm carries over 13,000 stock keeping units (SKUs) for automotive parts that are sold under its customers’ recognized private label brand names and its Quality-Built, Pure Energy, Xtreme, Reliance and other brand names.
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