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TSLA   1,485.00 (+0.00%)
BA   173.30 (-0.56%)
S&P 500   3,325.48 (-0.07%)
DOW   27,190.52 (-0.04%)
QQQ   270.78 (-0.10%)
TSLA   1,485.00 (+0.00%)
BA   173.30 (-0.56%)
S&P 500   3,325.48 (-0.07%)
DOW   27,190.52 (-0.04%)
QQQ   270.78 (-0.10%)
TSLA   1,485.00 (+0.00%)
BA   173.30 (-0.56%)
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U.S. Auto Parts Network (NASDAQ:PRTS) Upgraded by ValuEngine to "Buy"

Last updated on Monday, August 3rd, 2020 by MarketBeat

U.S. Auto Parts Network (NASDAQ:PRTS) was upgraded by analysts at ValuEngine from a "hold" rating to a "buy" rating in a report issued on Monday, ValuEngine reports.

Other equities research analysts have also issued reports about the company. Zacks Investment Research lowered U.S. Auto Parts Network from a "buy" rating to a "hold" rating in a research note on Saturday. Barrington Research increased their price target on U.S. Auto Parts Network from $5.00 to $10.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 12th.

Shares of NASDAQ:PRTS traded down $0.05 during midday trading on Monday, hitting $13.70. The company had a trading volume of 990,036 shares, compared to its average volume of 607,929. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.05 and a quick ratio of 0.32. The company has a market cap of $532.79 million, a price-to-earnings ratio of -16.91 and a beta of 2.75. U.S. Auto Parts Network has a 12-month low of $1.01 and a 12-month high of $14.79. The company has a fifty day moving average of $10.50 and a two-hundred day moving average of $5.17.

U.S. Auto Parts Network (NASDAQ:PRTS) last posted its quarterly earnings data on Wednesday, May 6th. The specialty retailer reported ($0.03) EPS for the quarter. The company had revenue of $87.82 million during the quarter, compared to analysts' expectations of $85.95 million. U.S. Auto Parts Network had a negative return on equity of 116.39% and a negative net margin of 9.86%. Research analysts expect that U.S. Auto Parts Network will post -0.1 earnings per share for the current fiscal year.

In other U.S. Auto Parts Network news, VP Alfredo Gomez purchased 5,000 shares of the business's stock in a transaction on Thursday, May 28th. The stock was acquired at an average price of $5.99 per share, for a total transaction of $29,950.00. Following the purchase, the vice president now owns 116,483 shares of the company's stock, valued at approximately $697,733.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder David Kanen sold 199,400 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $8.87, for a total transaction of $1,768,678.00. The disclosure for this sale can be found here. In the last quarter, insiders acquired 17,750 shares of company stock valued at $111,460 and sold 1,935,211 shares valued at $16,845,594. Corporate insiders own 46.10% of the company's stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS Group AG purchased a new position in shares of U.S. Auto Parts Network during the second quarter worth approximately $77,000. Stratos Wealth Partners LTD. purchased a new position in U.S. Auto Parts Network during the second quarter valued at approximately $87,000. SG Americas Securities LLC acquired a new stake in U.S. Auto Parts Network in the second quarter valued at approximately $100,000. Geode Capital Management LLC boosted its stake in U.S. Auto Parts Network by 11.0% in the fourth quarter. Geode Capital Management LLC now owns 120,236 shares of the specialty retailer's stock valued at $264,000 after acquiring an additional 11,942 shares in the last quarter. Finally, Strs Ohio acquired a new stake in U.S. Auto Parts Network in the second quarter valued at approximately $489,000. 28.90% of the stock is owned by institutional investors and hedge funds.

About U.S. Auto Parts Network

U.S. Auto Parts Network, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories primarily in the United States and the Philippines. It offers collision parts, such as parts for the exterior of an automobile; mirror products; engine parts comprising engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories to individual consumers through its network of e-commerce Websites and online marketplaces.

Featured Article: Return on Investment (ROI)

To view ValuEngine's full report, visit ValuEngine's official website.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]

8 Consumer Staples Stocks That Offer Good Value

Chances are you’ve been spending more time at home than usual. You may also be spending more of your budget on some creature comforts that might normally make it on your shopping list. These are the consumer staples that you rely on every day.

And that’s what makes the consumer staples one of the most interesting sectors for investors.

For starters, consumer staples are defensive stocks. They are stocks that tend to perform well when the economy is doing well or when it is performing poorly. That’s because they are essentials like toilet paper, packaged foods and beverages, even alcohol and tobacco.

Now the opposite side of this coin is that the price you pay for these items is somewhat fixed. And that means these stocks don’t fit the definition of growth stocks. But the Covid-19 pandemic has changed that equation a little bit. It’s not that people are necessarily paying more for these items. But they are buying more of these items.

And this means that consumer staples are having their moment in the sun. However, it also means that right now there are several consumer staples that are looking a little pricey. But if you know anything about these stocks, you know that many of these companies are mature companies that pay a respectable, and safe, dividend.

Fortunately, there are still several stocks that appear to have room to grow and offer a nice dividend for investors.

View the "8 Consumer Staples Stocks That Offer Good Value".

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