Stock Rating Upgrade
In the last week the Value Trend Rating for Motorcar Parts of America Inc (NASDAQ: MPAA) improved from D to C reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
On 10/11/24, Motorcar Parts of America Inc (NASDAQ: MPAA) stock rose modestly by 0.8%, closing at $6.21. However, trading volume in this advance was below average at 75% of normal. Relative to the market the stock has been weak over the last nine months and has declined -10.4% 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 (Low Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Motorcar Parts of America has a good Appreciation Score of 78 but a very low Power Rating of 11, and the Low Neutral Value Trend Rating results.
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