U.S. Auto Parts Network (PRTS) Upgraded via Zacks Investment Research to “Hold”

U.S. Auto Parts Network logoU.S. Auto Parts Network (NASDAQ: PRTS) become upgraded by using Zacks Investment Research from a “promote” rating to a “maintain” rating in a note issued to buyers on Tuesday, Zacks.Com reports.

According to Zacks, “US AUTO PARTS NETWORK, INC., is a main online provider of automotive aftermarket parts, including body parts, engine parts, performance components, and accessories. Through the Company’s community of websites, U.S. Auto Parts offers man or woman customers a wide selection of low-priced merchandise, which can be mapped by using a proprietary product database to produce programs based on vehicle makes, models and years. “

PRTS has been the problem of several different reports. Barrington Research set a $five.00 goal charge on U.S. Auto Parts Network stocks and gave the company a “purchase” rating in a research note on Tuesday, March fifth. ValuEngine reduces U.S. Auto Parts Network stocks from a “maintain” rating to a “promote” rating in a study note on Wednesday, May 1st.
Shares of U.S. Auto Parts Network stock opened at $0.96 on Tuesday. The enterprise has a brief ratio of 0.19, a modern ratio of one.22, and a debt-to-equity ratio of zero.22. U.S. Auto Parts Network has a 1-year low of $0.88 and a 1-yr high of $2.07. The firm has a market capitalization of $35: forty-three million, a PE ratio of -6.86, and a beta of 1.45.

U.S. Auto Parts Network (NASDAQ: PRTS) final issued its quarterly income records on Thursday, March 7th. The strong point store reported ($zero.13) earnings in keeping with the share for the zone, missing the Zacks’ consensus estimate of ($0.01) via ($0.12). The company had revenue of $64.65 million at some stage in the region compared to analyst estimates of $61.67 million. U.S. Auto Parts Network had a terrible return on equity of 9.20% and a poor net margin of one.31%. As a set, analysts anticipate that U.S. Auto Parts Network will put up -zero.14 EPS for the current year.

Large buyers have currently brought to or decreased their stakes in the stock. North Star Investment Management Corp. Elevated its holdings in U.S. Auto Parts Network using 8.6% in the 1st quarter. North Star Investment Management Corp. Now owns 1,940,736 shares of the specialty retailer’s inventory valued at $1,960,000 after buying an additional 154,051 shares at some stage in length. Vanguard Group Inc accelerated its holdings in U.S. Auto Parts Network by 2.Three% inside the third sector. Vanguard Group Inc now owns 885,653 shares of the uniqueness retailer’s stock worth $1,373,000 after shopping for a further 20,136 shares all through the duration. 22NW LP sold a brand new stake in U.S. Auto Parts Network inside the 4th sector worth $395,000. B. Riley Financial Inc. Bought a brand new stake in U.S. Auto Parts Network inside the 4th region worth $168,000. Finally, S. Muoio & CO. LLC offered a brand new stake in U.S. Auto Parts Network in the 4th zone valued at $ forty-six 000. Hedge funds and different institutional investors very own 29—sixty-four % of the company’s stock.

About U.S. Auto Parts Network

U.S. Auto Parts Network, Inc, collectively with its subsidiaries, operates as an online issuer of OEM auto elements and accessories within the United States and the Philippines. It offers collision elements, including components for the outdoors of a car; mirror merchandise; engine components comprising engine and chassis components, in addition to different mechanical and electric parts; and overall performance components and add-ons to person purchasers via its network of e-trade Websites and online marketplaces.

Joel Butler

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