On 4/15/24, Motorcar Parts of America Inc (NASDAQ: MPAA) stock suffered a major decline of -10.4%, closing at $5.59. Moreover, this decline was accompanied by exceptionally high trading volume at 249% of normal. The stock has performed in line with the market over the last nine months and has declined -20.6% during the last week.
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). This rating combines 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 slightly negative Power Rating of 31, leading to the Neutral Value Trend Rating.
Rating Review
In light of this highly negative 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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