CarParts.com (NASDAQ:PRTS) Stock Passes Above Two Hundred Day Moving Average – Here’s What Happened

CarParts.com, Inc. (NASDAQ:PRTS)’s stock price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.95 and traded as high as $0.96. CarParts.com shares last traded at $0.95, with a volume of 330,435 shares traded.

Analyst Upgrades and Downgrades

PRTS has been the topic of a number of recent analyst reports. StockNews.com raised CarParts.com from a “sell” rating to a “hold” rating in a research report on Tuesday, November 12th. Royal Bank of Canada dropped their price target on shares of CarParts.com from $0.90 to $0.80 and set a “sector perform” rating for the company in a research note on Wednesday, October 30th.

CarParts.com Stock Performance

The company has a market cap of $54.33 million, a P/E ratio of -1.75 and a beta of 2.04. The stock has a fifty day moving average price of $0.93 and a two-hundred day moving average price of $0.95. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.62 and a quick ratio of 0.57.

CarParts.com (NASDAQ:PRTS) last posted its quarterly earnings data on Tuesday, October 29th. The specialty retailer reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.11) by ($0.06). CarParts.com had a negative return on equity of 29.57% and a negative net margin of 5.11%. The company had revenue of $144.75 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Cullen Frost Bankers Inc. acquired a new stake in CarParts.com in the 2nd quarter valued at about $50,000. XTX Topco Ltd increased its holdings in shares of CarParts.com by 41.2% in the second quarter. XTX Topco Ltd now owns 68,687 shares of the specialty retailer’s stock valued at $69,000 after buying an additional 20,037 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of CarParts.com during the second quarter valued at $93,000. Williams & Novak LLC lifted its stake in CarParts.com by 11.1% during the third quarter. Williams & Novak LLC now owns 127,100 shares of the specialty retailer’s stock valued at $115,000 after buying an additional 12,650 shares in the last quarter. Finally, Assenagon Asset Management S.A. boosted its holdings in shares of CarParts.com by 40.1% in the third quarter. Assenagon Asset Management S.A. now owns 275,470 shares of the specialty retailer’s stock worth $250,000 after buying an additional 78,866 shares during the period. 75.30% of the stock is owned by institutional investors and hedge funds.

CarParts.com Company Profile

CarParts.com, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories in the United States and the Philippines. It offers replacement parts, such as parts for the exterior of an automobile; mirror products; engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories.