Shares of Motorcar Parts of America (MPAA) Sees Large Outflow of Money

Motorcar Parts of America (MPAA) : The value of composite uptick trades was $1.17 million, whereas, the value of composite downtick trades was $2.84 million. The uptick to downtick ratio stood at 0.41 with a negative money flow of ($1.66) Million during Thursdays trading session. The block trades money flow was negative ($1.74 million). The transaction of the trades on downticks amounted to $1.74 million, which confirms investors selling on the strength of price. Motorcar Parts of America (MPAA) gained 79 cents at $26.89, an increase of 3.03% over the previous days close.


Motorcar Parts of America (MPAA) : The highest level Motorcar Parts of America (MPAA) is projected to reach is $44 for the short term and the lowest estimate is at $34. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $38.75 and the possibility the share price can swing is $4.27. The stock has recorded a 20-day Moving Average of 6.03% and the 50-Day Moving Average is 8.9%.

Motorcar Parts of America (NASDAQ:MPAA): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $26.23 and $26.18 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $27.77. The buying momentum continued till the end and the stock did not give up its gains. It closed at $26.99, notching a gain of 3.41% for the day. The total traded volume was 444,487 . The stock had closed at $26.10 on the previous day.

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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