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Stock News: Standard Motor Products (NYSE:SMP)

 Standard Motor Products (NYSE:SMP) spotted trading -15.28% off 52-week high price. On the other end, the stock has been noted 13.97% away from the low price over the last 52-weeks. The stock changed 1.40% to recent value of $47.9. The stock transacted 51476 shares during most recent day however it has an average volume of 87.09K shares. The company has 22.01M of outstanding shares and 20.95M shares were floated in the market.  

 On Sept. 27, 2019, Standard Motor Products (NYSE:SMP) notified the winner of its ‘Shop Team Selfie’ Challenge: Snowfire Auto LTD of Waterbury, VT. For their prize, Snowfire Auto will receive $5,000 towards a shop appreciation event.

The competition was open to legal residents of the 50 United States, the District of Columbia, and parts of Canada.

Commenting on the announcement, Jack Ramsey, Vice President Engine Management Marketing and Sales, SMP, stated, It’s a privilege to support shop teams that work hard to get the job done every day. We’re excited to present Snowfire Auto with $5,000 for an appreciation event that benefits their entire team.

About SMP:

Celebrating 100 years in business, Standard Motor Products supplies independent professional auto technicians and automotive do-it-yourselfers with high-quality replacement parts for engine management ignition, emission and fuel systems as well as temperature control products for domestic and import cars and light trucks. SMP products are sold throughout the United States, Canada, Europe, Latin America and in many other countries around the world.

 Its earnings per share (EPS) expected to touch remained -5.90% for this year while earning per share for the next 5-years is expected to reach at 7.00%. SMP has a gross margin of 28.80% and an operating margin of 8.10% while its profit margin remained 4.50% for the last 12 months. 

 According to the most recent quarter its current ratio was 1.5 that represents company’s ability to meet its current financial obligations. The price moved ahead of 0.68% from the mean of 20 days, 4.14% from mean of 50 days SMA and performed 0.45% from mean of 200 days price. Company’s performance for the week was 0.57%, 9.74% for month and YTD performance remained -1.09%.

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