Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Dorman Products Inc before investing.

In this article, we go over a few key elements for understanding Dorman Products Inc’s stock price such as:

• Dorman Products Inc’s current stock price and volume
• Why Dorman Products Inc’s stock price changed recently
• Upgrades and downgrades for DORM from analysts
• DORM’s stock price momentum as measured by its relative strength

About Dorman Products Inc (DORM)

Before we jump into Dorman Products Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Dorman Products, Inc. is a supplier of replacement and upgrade parts in the motor vehicle aftermarket industry, serving passenger cars, light, medium, and heavy-duty trucks, as well as specialty vehicles, including utility terrain vehicles (UTVs) and all-terrain vehicles (ATVs). The Company is an aftermarket supplier of parts that are traditionally available to professional installers and consumers only from original equipment manufacturers or salvage yards. These parts include leaf springs, intake manifolds, exhaust manifolds, window regulators, radiator fan assemblies, tire pressure monitor sensors, exhaust gas recirculation (EGR) coolers, UTV windshields, and complex electronics modules. Its product classes include powertrain, chassis, motor vehicle body, and hardware. Its products are sold primarily through aftermarket retailers, including through their online platforms; dealers; national, regional and local warehouse distributors and specialty markets; and salvage yards.

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Dorman Products Inc’s Stock Price as of Market Close

As of February 27, 2024, 4:00 PM, CST, Dorman Products Inc’s stock price was $96.27.

Dorman Products Inc is up 15.86% from its previous closing price of $83.09.

During the last market session, Dorman Products Inc’s stock traded between $81.24 and $83.95. Currently, there are 31.48 million shares of Dorman Products Inc stock available for purchase.

Dorman Products Inc’s price-earnings (P/E) ratio is currently at 27.1, which is high compared to the Auto, Truck & Motorcycle Parts industry median of 15. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Dorman Products Inc Stock Price History

Dorman Products Inc’s (DORM) price is currently up 18.25% so far this month.

During the month of February, Dorman Products Inc’s stock price has reached a high of $96.42 and a low of $79.43.

Over the last year, Dorman Products Inc has hit prices as high as $94.24 and as low as $60.01. Year to date, Dorman Products Inc’s stock is up 19.04%.

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What Caused Dorman Products Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

One of the most common factors that can drastically impact a stock’s price is analyst upgrades and downgrades. When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. However, as of February 26, 2024,, no analysts have changed their rating of Dorman Products Inc’s stock over the last month.

Additionally, you'll want to evaluate Dorman Products Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Dorman Products Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Dorman Products Inc’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Dorman Products Inc (DORM) by visiting AAII Stock Evaluator.

Relative Price Strength of Dorman Products Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of February 26, 2024, Dorman Products Inc has a weighted four-quarter relative price strength of -6.05%, which translates to a Momentum Score of 51 and is considered to be Average.

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Dorman Products Inc Stock Price: Bottom Line

As of February 27, 2024, Dorman Products Inc’s stock price is $96.27, which is up 15.86% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Dorman Products Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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