Motorcar Parts of America (NASDAQ:MPAA - Get Free Report) was downgraded by stock analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a note issued to investors on Friday.
Separately, Cantor Fitzgerald started coverage on shares of Motorcar Parts of America in a research note on Friday, December 20th. They set an "overweight" rating and a $14.00 price objective for the company.
Read Our Latest Analysis on Motorcar Parts of America
Motorcar Parts of America Trading Up 4.0 %
NASDAQ:MPAA traded up $0.34 during mid-day trading on Friday, reaching $8.81. The company's stock had a trading volume of 29,990 shares, compared to its average volume of 93,392. The stock has a market cap of $172.44 million, a P/E ratio of -8.89 and a beta of 1.29. Motorcar Parts of America has a twelve month low of $4.36 and a twelve month high of $11.89. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.45 and a quick ratio of 0.39. The company's fifty day simple moving average is $9.34 and its two-hundred day simple moving average is $7.74.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. Barclays PLC bought a new position in shares of Motorcar Parts of America during the third quarter valued at approximately $79,000. Balyasny Asset Management L.P. acquired a new stake in Motorcar Parts of America in the fourth quarter worth $88,000. OMERS ADMINISTRATION Corp bought a new stake in Motorcar Parts of America in the fourth quarter valued at $97,000. Schonfeld Strategic Advisors LLC acquired a new position in shares of Motorcar Parts of America during the fourth quarter valued at $161,000. Finally, Bailard Inc. bought a new position in shares of Motorcar Parts of America during the fourth quarter worth about $201,000. 83.48% of the stock is currently owned by institutional investors.
Motorcar Parts of America Company Profile
(
Get Free Report)
Motorcar Parts of America, Inc manufactures, remanufactures, and distributes heavy-duty truck, industrial, marine, and agricultural application replacement parts in the United States. The company offers rotating electrical products, including alternators and starters; wheel hub assemblies and bearings; and brake-related products comprising brake calipers, brake boosters, brake rotors, brake pads, and brake master cylinders.
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