Motorcar Parts of America (NASDAQ:MPAA) Posts Quarterly Earnings Results, Misses Estimates By $0.12 EPS

Motorcar Parts of America (NASDAQ:MPAA) announced its earnings results on Monday. The auto parts company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.12), Zacks reports. Motorcar Parts of America had a negative net margin of 9.05% and a negative return on equity of 1.99%.

Motorcar Parts of America Stock Up 20.0 %

Shares of NASDAQ:MPAA opened at $6.90 on Monday. The company has a 50 day moving average of $7.37 and a two-hundred day moving average of $6.63. Motorcar Parts of America has a 52-week low of $4.36 and a 52-week high of $10.40. The company has a quick ratio of 0.43, a current ratio of 1.39 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $136.98 million, a price-to-earnings ratio of -2.04 and a beta of 1.47.

Wall Street Analysts Forecast Growth

MPAA has been the subject of several recent research reports. Cantor Fitzgerald initiated coverage on Motorcar Parts of America in a research note on Friday, December 20th. They issued an “overweight” rating and a $14.00 price objective for the company. StockNews.com raised Motorcar Parts of America from a “hold” rating to a “buy” rating in a research report on Wednesday, November 13th.

Insider Buying and Selling

In other Motorcar Parts of America news, Director Bison Capital Partners Vi, L.P acquired 50,000 shares of the stock in a transaction that occurred on Thursday, November 14th. The stock was acquired at an average price of $6.86 per share, with a total value of $343,000.00. Following the transaction, the director now directly owns 320,300 shares in the company, valued at approximately $2,197,258. This represents a 18.50 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 6.70% of the stock is currently owned by insiders.

About Motorcar Parts of America

Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy-duty truck, industrial, marine, and agricultural application replacement parts in the United States. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; and brake-related products comprising brake calipers, brake boosters, brake rotors, brake pads, and brake master cylinders.