On 6/13/24, Motorcar Parts of America Inc (NASDAQ: MPAA) stock enjoyed a major increase of 18.1%, closing at $5.93. Moreover, exceptionally high trading volume at 419% of normal accompanied the advance. Relative to the market the stock has been extremely weak over the last nine months but has risen 9.8% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be in line with the cost of capital, MPAA 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 very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Motorcar Parts of America has a good Appreciation Score of 84 but a very low Power Rating of 14, triggering the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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