Motorcar Parts of America, Inc. (NASDAQ:MPAA) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: October 15, 2016
Zacks Investment Research has downgraded Motorcar Parts of America, Inc. (NASDAQ:MPAA) to Hold in a report released on 10/12/2016.
On 3/14/2016, CL King released a statement on Motorcar Parts of America, Inc. (NASDAQ:MPAA) raised the target price from $0.00 to $44.00. At the time, this indicated a possible upside of 0.19%.
Boasting a price of $27.53, Motorcar Parts of America, Inc. (NASDAQ:MPAA) traded -0.04% lower on the day. The last stock close price is down -10.54% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the date range. Motorcar Parts of America, Inc. has recorded a 50-day average of $28.32 and a two hundred day average of $29.80. 100,157 shares of MPAA traded, down from an average trading volume of 147,823
Recent Performance Chart
Motorcar Parts of America, Inc. has one year low of $25.50 and a one year high of $41.03 with a PE ratio of 31.63 and has a market capitalization of $0.
Also covering Motorcar Parts of America, Inc.'s price target, a total of 4 brokerages have issued a research note on the company. The average target is $42.25 with 1 firm rating the stock a strong buy, three equity analysts rating the company a buy, 0 brokers rating the stock a hold, 0 firms rating the stock a underperform, and finally zero brokerages rating the company a sell.
Brief Synopsis About Motorcar Parts of America, Inc. (NASDAQ:MPAA)
Motorcar Parts of America, Inc. 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 Company 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). It recycles materials, including metal from the used cores and corrugated packaging. The Company 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. It sells its products to automotive retail outlets and the professional repair market throughout the United States and Canada.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.