Revenue Update on Standard Motor Products(NYSE:SMP)

Standard Motor Products(NYSE:SMP) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Earnings per share were $0.88.

Standard Motor Products (SMP) shares turned negative on Fridays trading session with the shares closing down -0.04 points or -0.09% at a volume of 68,302. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $42.9299. The peak price level was also seen at $42.9299 while the days lowest was $42.465. Finally the shares closed at $42.78. The 52-week high of the shares is $45.72 while the 52-week low is $29.69. According to the latest information available, the market cap of the company is $972 M.

Several Insider Transactions has been reported to the SEC. On Jun 15, 2016, Ray Nicholas (VP IT & CIO) sold 1,931 shares at $37.42 per share price.Also, On Jun 9, 2016, John P Gethin (director) sold 2,145 shares at $38.12 per share price.On Nov 4, 2015, Frederick D Sturdivant (director) sold 1,500 shares at $44.16 per share price, according to the Form-4 filing with the securities and exchange commission.

Standard Motor Products Inc. is an independent manufacturer and distributor of replacement parts for motor vehicles in the automotive aftermarket industry. The Company is organized into two operating segments each of which focuses on specific lines of replacement parts. The Company’s Engine Management Segment manufactures ignition and emission parts ignition wires battery cables fuel system parts and sensors for vehicle systems. The Company’s Temperature Control Segment manufactures and remanufactures air conditioning compressors air conditioning and heating parts engine cooling system parts power window accessories and windshield washer system parts. The Company sells its products to warehouse distributors large retail chains original equipment manufacturers and original equipment service part operations in the United States Canada Latin America and Europe.

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