CarParts.com (NASDAQ:PRTS) Share Price Passes Above 200-Day Moving Average – Should You Sell?

CarParts.com, Inc. (NASDAQ:PRTS) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.94 and traded as high as $1.08. CarParts.com shares last traded at $1.01, with a volume of 306,882 shares changing hands.

Analyst Ratings Changes

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

CarParts.com Stock Down 2.9 %

The company has a market capitalization of $57.97 million, a PE ratio of -1.87 and a beta of 2.00. The company has a current ratio of 1.62, a quick ratio of 0.57 and a debt-to-equity ratio of 0.10. The business has a fifty day moving average of $0.97 and a 200 day moving average of $0.94.

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

Institutional Trading of CarParts.com

Several hedge funds have recently modified their holdings of the stock. XTX Topco Ltd increased its holdings in CarParts.com by 14.9% during the 3rd quarter. XTX Topco Ltd now owns 78,917 shares of the specialty retailer’s stock worth $72,000 after purchasing an additional 10,230 shares during the period. Williams & Novak LLC raised its holdings in CarParts.com by 11.1% in the third quarter. Williams & Novak LLC now owns 127,100 shares of the specialty retailer’s stock valued at $115,000 after acquiring an additional 12,650 shares in the last quarter. Cullen Frost Bankers Inc. acquired a new stake in CarParts.com in the second quarter valued at approximately $50,000. Assenagon Asset Management S.A. grew its holdings in CarParts.com by 40.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 275,470 shares of the specialty retailer’s stock worth $250,000 after acquiring an additional 78,866 shares in the last quarter. Finally, FMR LLC increased its position in shares of CarParts.com by 26.6% in the 3rd quarter. FMR LLC now owns 426,441 shares of the specialty retailer’s stock valued at $386,000 after purchasing an additional 89,645 shares during the last quarter. 75.30% of the stock is currently 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.