Extremely important negative changes in investment behavior have recently occurred for Motorcar Parts of America Inc (NASDAQ: MPAA): negative upside/downside volume developed, and the stock fell on very heavy volume.
Motorcar Parts of America Inc (NASDAQ: MPAA). Important negative changes in fundamentals have recently occurred: the stock’s power rating fell below 50, and significant quarterly earnings deceleration occurred.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
MPAA’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Motorcar Parts of America has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Motorcar Parts of America has a good Appreciation Score of 76 but a slightly negative Power Rating of 31, producing the Neutral Value Trend Rating.
Recent Price Action
On 4/16/24, Motorcar Parts of America Inc (NASDAQ: MPAA) stock declined by -3.0%, closing at $5.42. Moreover, exceptionally high trading volume at 209% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has declined -22.5% during the last week.
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