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

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

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

About Standard Motor Products Inc (SMP)

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

Standard Motor Products, Inc. is a manufacturer and distributor of replacement parts in the automotive aftermarket and a custom-engineered solutions provider to vehicle and equipment manufacturers in diverse non-aftermarket end markets. Its Vehicle Control Segment services its core automotive aftermarket customers through its offering of replacement parts within the product groups: Engine Management, Electrical and Safety and Wire Sets and Other. Its Temperature Control Segment also services its core automotive aftermarket customers through its offering of replacement parts within the various product groups: AC System Components and Other Thermal Components. Its Engineered Solutions Segment services its vehicle and equipment manufacturing customers across diverse global end markets, including on-highway and off-highway applications such as commercial and light vehicles, construction, agriculture, power sports, marine, hydraulics and lawn and garden.

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Standard Motor Products Inc’s Stock Price as of Market Close

As of September 23, 2024, 4:00 PM, CST, Standard Motor Products Inc’s stock price was $32.71.

Standard Motor Products Inc is down 4.05% from its previous closing price of $34.09.

During the last market session, Standard Motor Products Inc’s stock traded between $33.53 and $34.31. Currently, there are 21.77 million shares of Standard Motor Products Inc stock available for purchase.

Standard Motor Products Inc’s price-earnings (P/E) ratio is currently at 12.6, which is low compared to the Auto, Truck & Motorcycle Parts industry median of 15.2. The price-earnings ratio gauges market expectation of future performance by relating a stock’s current share price to its earnings per share.

Standard Motor Products Inc Stock Price History

Standard Motor Products Inc’s (SMP) price is currently up 1.24% so far this month.

During the month of September, Standard Motor Products Inc’s stock price has reached a high of $34.60 and a low of $30.65.

Over the last year, Standard Motor Products Inc has hit prices as high as $41.71 and as low as $26.09. Year to date, Standard Motor Products Inc’s stock is down 6.01%.

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What Caused Standard Motor Products Inc Stock’s Price to Dip?

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?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 20, 2024, there was 1 analyst who downgraded Standard Motor Products Inc’s stock and 0 analysts who upgraded over the last month.

Additionally, you'll want to evaluate Standard Motor 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 Standard Motor Products Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Standard Motor Products Inc’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

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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 Standard Motor Products Inc (SMP) by visiting AAII Stock Evaluator.

Relative Price Strength of Standard Motor 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 September 20, 2024, Standard Motor Products Inc has a weighted four-quarter relative price strength of -1.42%, which translates to a Momentum Score of 58 and is considered to be Average.

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Standard Motor Products Inc Stock Price: Bottom Line

As of September 23, 2024, Standard Motor Products Inc’s stock price is $32.71, which is down 4.05% 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 Standard Motor 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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