Motorcar Parts of America CFO Sells $157,000.00 in Stock (MPAA)
Resource from: Dakota Financial News Likes:167
Jun 25,2015
Motorcar Parts of America (NASDAQ:MPAA) CFO David Sung Lee sold 5,000 shares of the stock in a transaction dated Friday, June 19th. The stock was sold at an average price of $31.40, for a total value of $157,000.00. Following the sale, the chief financial officer now directly owns 11,545 shares in the company, valued at approximately $362,513. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Motorcar Parts of America (NASDAQ:MPAA) traded up 1.11% during mid-day trading on Tuesday, hitting $31.84. 137,287 shares of the company’s stock traded hands. Motorcar Parts of America has a one year low of $21.79 and a one year high of $36.43. The stock’s 50-day moving average is $29. and its 200-day moving average is $28.. The company has a market cap of $572.29 million and a price-to-earnings ratio of 48.98.
Motorcar Parts of America (NASDAQ:MPAA) last posted its quarterly earnings results on Monday, June 15th. The company reported $0.53 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.43 by $0.10. The company had revenue of $90.90 million for the quarter. During the same quarter in the prior year, the company posted $0.43 earnings per share. The company’s quarterly revenue was up 18.5% on a year-over-year basis. Analysts expect that Motorcar Parts of America will post $2.14 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at B. Riley reiterated a “buy” rating and set a $37.00 price target (up previously from $33.50) on shares of Motorcar Parts of America in a research note on Wednesday, June 17th. Analysts at Roth Capital set a $37.00 price target on shares of Motorcar Parts of America and gave the company a “buy” rating in a research note on Friday, June 12th. Finally, analysts at Zacks reiterated a “hold” rating on shares of Motorcar Parts of America in a research note on Friday, May 1st.
Motorcar Parts of America, Inc (NASDAQ:MPAA) is a manufactures, remanufactures and distributes new and remanufactured steering components, brake calipers, master cylinders, hub assembly and bearings, and clutches and clutch hydraulics for virtually all passenger and truck vehicles.
(Dakota Financial News)
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1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
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