News stories about U.S. Auto Parts Network (NASDAQ:PRTS) have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of public 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 daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news coverage about the specialty retailer an impact score of 45.5410333895953 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
U.S. Auto Parts Network (NASDAQ:PRTS) traded down 1.44% during trading on Friday, reaching $2.74. 30,235 shares of the company’s stock were exchanged. U.S. Auto Parts Network has a 52 week low of $2.40 and a 52 week high of $4.35. The stock’s market capitalization is $94.55 million. The stock has a 50-day moving average of $3.09 and a 200-day moving average of $3.31.
U.S. Auto Parts Network (NASDAQ:PRTS) last released its quarterly earnings results on Wednesday, May 10th. The specialty retailer reported $0.02 EPS for the quarter, missing the Thomson Reuters’ 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 company had revenue of $80.80 million for the quarter, compared to analysts’ expectations of $82.34 million. The business’s revenue was up .1% compared to the same quarter last year. On average, equities research analysts anticipate that U.S. Auto Parts Network will post $0.09 EPS for the current year.
U.S. Auto Parts Network declared that its Board of Directors has authorized a share buyback program on Wednesday, May 17th that allows the company to buyback $5.00 million in outstanding shares. This buyback authorization allows the specialty retailer to buy up to 4.5% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.
Several brokerages recently commented on PRTS. Zacks Investment Research raised shares of U.S. Auto Parts Network from a “strong sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Roth Capital set a $5.00 price objective on shares of U.S. Auto Parts Network and gave the company a “buy” rating in a research report on Tuesday, June 27th. Finally, ValuEngine lowered shares of U.S. Auto Parts Network from a “hold” rating to a “sell” rating in a research report on Friday, June 2nd.
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About U.S. Auto Parts Network
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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