The market has been high on Motorcar Parts of America Inc (MPAA) stock recently. MPAA gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Motorcar Parts of America Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on MPAA!
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With MPAA Stock Today?
Motorcar Parts of America Inc (MPAA) stock is trading at $8.03 as of 10:29 AM on Wednesday, Aug 9, a drop of -$1.11, or -12.14% from the previous closing price of $9.14. The stock has traded between $7.04 and $8.03 so far today. Volume today is 205,146 compared to average volume of 211,538.
To see InvestorsObserver's Sentiment Score for Motorcar Parts of America Inc click here.
More About Motorcar Parts of America Inc
Motorcar Parts of America Inc is a us-based manufacturer, remanufacturer, and distributor of aftermarket automotive and light truck applications. It manufactures and distributes heavy-duty truck and industrial and agricultural application parts. It produces starter engines, alternators, hub assemblies, bearings, and master cylinders. The company supplies its products to the automotive aftermarket either under its own brands, as part of a private-label service, or to warranty replacement programs of automobile manufacturers. It primarily sells rotating electrical products, wheel hub products, brake master cylinders products in the us, of which a majority of the revenue is derived from the sales of rotating electrical products.
Click Here to get the full Stock Report for Motorcar Parts of America Inc stock.
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