Stock Rating Downgrade
The Value Trend Rating for Motorcar Parts of America Inc (NASDAQ: MPAA) weakened in recent days from C to D reflecting eroding fundamentals and low Appreciation Potential. Details supporting this lower rating are included in our next report.
Recent Price Action
On 9/27/24, Motorcar Parts of America Inc (NASDAQ: MPAA) stock was unchanged 0.0%, closing at $6.64. However, this flat performance was accompanied by unusually low trading volume at 55% of normal. Relative to the market the stock has been extremely weak over the last nine months but has risen 6.2% 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 D (Negative). This rating combines very contradictory signals from two proprietary PTR measures of a stock’s attractiveness. Motorcar Parts of America has a good Appreciation Score of 76 but a very low Power Rating of 9, triggering the Negative Value Trend Rating.
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