The automotive industry closed the day up 3.2%. Supreme Industries Inc ( STS), Cycle Country Accessories Corporation ( ATC), and Quantum Fuel Systems Technologies Worldwide ( QTWW) were all decliners today within the automotive industry with Motorcar Parts of America Inc ( MPAA) being today's featured automotive loser. Motorcar Parts of America Inc fell 18 cents (-2.1%) to $8.54 on light volume. Throughout the day, 39,574 shares of Motorcar Parts of America Inc exchanged hands as compared to its average daily volume of 90,500 shares. Motorcar Parts of America, Inc., together wit its subsidiaries, remanufactures and distributes alternators and starters for import and domestic cars, light trucks, heavy duty, agricultural, and industrial applications in the United States and Canada. Motorcar Parts of America Inc has a market cap of $100.3 million and is part of the consumer goods sector. The company has a P/E ratio of 13.2, below the average automotive industry P/E ratio of 13.7 and below the S&P 500 P/E ratio of 17.7. Shares are down 35.9% year to date as of the close of trading on Wednesday. TheStreet Ratings rates Motorcar Parts of America as a hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and poor profit margins.
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