Motorcar Parts of America (MPAA) Set to Announce Earnings on Tuesday

Motorcar Parts of America (NASDAQ:MPAA) is set to post its quarterly earnings results before the market opens on Tuesday, November 12th. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Motorcar Parts of America (NASDAQ:MPAA) last announced its earnings results on Thursday, August 8th. The auto parts company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of $0.02 by ($0.39). Motorcar Parts of America had a negative net margin of 9.06% and a negative return on equity of 0.93%. The company had revenue of $169.89 million during the quarter, compared to analysts’ expectations of $172.50 million.

Motorcar Parts of America Price Performance

Motorcar Parts of America stock opened at $6.16 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.38 and a quick ratio of 0.35. The business has a 50 day simple moving average of $6.07 and a 200-day simple moving average of $5.92. Motorcar Parts of America has a 12 month low of $4.36 and a 12 month high of $10.40. The stock has a market capitalization of $121.66 million, a PE ratio of -1.79 and a beta of 1.44.

Insiders Place Their Bets

In other news, major shareholder 325 Capital Llc bought 16,608 shares of the stock in a transaction dated Tuesday, August 27th. The shares were acquired at an average price of $6.73 per share, with a total value of $111,771.84. Following the completion of the acquisition, the insider now directly owns 1,984,990 shares in the company, valued at approximately $13,358,982.70. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.70% of the stock is owned by insiders.

Motorcar Parts of America Company Profile

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.