Roth Capital Thinks Motorcar Parts Of America’s Stock is Going to RecoverBy Austin Angelo
Roth Capital analyst Matt Koranda reiterated a Buy rating on Motorcar Parts Of America (NASDAQ: MPAA) today and set a price target of $39. The company’s shares opened today at $23.80, close to its 52-week low of $23.51.
According to TipRanks.com, Koranda is a 3-star analyst with an average return of 0.5% and a 42.2% success rate. Koranda covers the Industrial Goods sector, focusing on stocks such as Clean Diesel Technologies, Capstone Turbine Corp., and Ballard Power Systems.
Motorcar Parts Of America has an analyst consensus of Moderate Buy.
The company has a one year high of $41.03 and a one year low of $23.51. Currently, Motorcar Parts Of America has an average volume of 139.2K.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of MPAA in relation to earlier this year. Most recently, in June 2016, Philip Gay, a Director at MPAA sold 3,000 shares for a total of $91,050.
Motorcar Parts of America, Inc. engages in remanufactur and supply of underhood and undercar products. Its products include rotating electrical products such as alternators and starters, wheel hub assemblies and bearings, bearings, and master cylinders. The company was founded by Mel Marks in 1968 and is headquartered in Torrance, CA.