Headlines about U.S. Auto Parts Network (NASDAQ:PRTS) have trended somewhat positive on Thursday, according to Accern. Accern identifies positive and negative press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. U.S. Auto Parts Network earned a news impact score of 0.18 on Accern’s scale. Accern also gave news articles about the specialty retailer an impact score of 45.5410333895953 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Shares of U.S. Auto Parts Network (PRTS) traded down 0.34% on Thursday, reaching $2.90. The company’s stock had a trading volume of 69,551 shares. The stock’s market capitalization is $100.08 million. The company has a 50 day moving average of $3.15 and a 200 day moving average of $3.35. U.S. Auto Parts Network has a 1-year low of $2.40 and a 1-year high of $4.35.
U.S. Auto Parts Network (NASDAQ:PRTS) last announced its quarterly earnings data on Wednesday, May 10th. The specialty retailer reported $0.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by $0.01. U.S. Auto Parts Network had a positive return on equity of 6.07% and a negative net margin of 0.09%. The business had revenue of $80.80 million for the quarter, compared to analyst estimates of $82.34 million. The firm’s revenue was up .1% compared to the same quarter last year. Equities research analysts expect that U.S. Auto Parts Network will post $0.09 earnings per share for the current fiscal year.
U.S. Auto Parts Network announced that its board has approved a share buyback program on Wednesday, May 17th that permits the company to buyback $5.00 million in outstanding shares. This buyback authorization permits the specialty retailer to purchase up to 4.5% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s board believes its shares are undervalued.
A number of research analysts have recently issued reports on PRTS shares. Roth Capital set a $5.00 target price on U.S. Auto Parts Network and gave the company a “buy” rating in a research report on Thursday, May 11th. Zacks Investment Research upgraded U.S. Auto Parts Network from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd. Finally, ValuEngine lowered U.S. Auto Parts Network from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd.
U.S. Auto Parts Network Company Profile
U.S. Auto Parts Network, Inc is an online provider of automotive aftermarket parts and repair information. The Company is an online provider of aftermarket auto parts, including collision parts, engine parts, and performance parts and accessories. The Company operates through two segments: Base USAP, which is an auto parts business, and AutoMD, an online automotive repair source.
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