Large Outflow of Money Witnessed in Motorcar Parts of America

Motorcar Parts of America (NASDAQ:MPAA) surged 0.07% during the last session. The last traded price was up 0.02 points at $27.89. The data for the fund flow suggests that the net intraday money flow was $(-1.72) million. The fund value in upticks was recorded to be $1.02 million and in downticks, it was found to be $2.75 million. The up/down ratio for the day was measured to be 0.37. For the week, the shares have seen a percentage change of -3.93%.A block trade of $(-1.2) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $0 million and that of downticks was $1.2 million. The block tradeoff had the up/down ratio of 0.


Currently the company Insiders own 5.7% of Motorcar Parts of America shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of -6.24%. On the companys insider trading activities,The director officer (President, CEO & Chairman) of Motorcar Parts America Inc, Selwyn Joffe sold 20,403 shares at $38.01 on March 18, 2016. The Insider selling transaction had a total value worth of $775,518. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Motorcar Parts of America (NASDAQ:MPAA) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.15 points or 0.54% at $27.74 with 461,562 shares getting traded. Post opening the session at $27.75, the shares hit an intraday low of $27.45 and an intraday high of $28.06 and the price was in this range throughout the day. The company has a market cap of $508 million and the number of outstanding shares have been calculated to be 18,326,985 shares. The 52-week high of Motorcar Parts of America (NASDAQ:MPAA) is $41.03 and the 52-week low is $26.92.

Many analysts have stated their opinion on the company shares. CL King initiates coverage on Motorcar Parts of America (NASDAQ:MPAA) . The global brokerage major announces a current price target of $44 per share. Analysts at the CL King have a current rating of Buy on the shares. The rating by the firm was issued on March 14, 2016.

Motorcar Parts of America, Inc. (MPA) is a manufacturer, remanufacturer and distributor of aftermarket automotive parts for import and domestic cars, light trucks, heavy duty, agricultural and industrial applications. The Company sells its products in North America to auto parts retail and traditional warehouse chains and to automobile manufacturers for both their aftermarket programs and their warranty replacement programs (OES). The Companys products include rotating electrical products, such as alternators and starters; wheel hub assemblies and bearings, and new brake master cylinders. Its products meet equipment manufacturer specifications. It carries over 10,000 stock keeping units (SKUs) for automotive parts that are sold under its customers private label brand names, and the Companys Xtreme, Reliance and other brand names. The Company sells its products to retail automotive chain stores, including Advance, AutoZone, Genuine Parts (NAPA), OReilly and Pep Boys.

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