Motorcar Parts of America (NASDAQ:MPAA - Get Free Report) was downgraded by equities researchers at StockNews.com from a "strong-buy" rating to a "buy" rating in a report released on Tuesday.
Motorcar Parts of America Price Performance
MPAA traded down $0.33 during trading hours on Tuesday, hitting $9.14. The company's stock had a trading volume of 64,495 shares, compared to its average volume of 93,092. The stock has a market cap of $179.00 million, a price-to-earnings ratio of -9.23 and a beta of 1.29. The business's 50-day moving average price is $9.84 and its 200-day moving average price is $7.93. The company has a current ratio of 1.45, a quick ratio of 0.39 and a debt-to-equity ratio of 0.12. Motorcar Parts of America has a 12 month low of $4.36 and a 12 month high of $11.89.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tieton Capital Management LLC increased its position in shares of Motorcar Parts of America by 22.8% during the 4th quarter. Tieton Capital Management LLC now owns 1,194,361 shares of the auto parts company's stock valued at $9,077,000 after purchasing an additional 221,925 shares during the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in Motorcar Parts of America by 17.1% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 1,115,849 shares of the auto parts company's stock worth $8,480,000 after buying an additional 162,797 shares during the period. Atlas Legacy Advisors LLC bought a new position in Motorcar Parts of America during the fourth quarter valued at $580,000. Ancora Advisors LLC purchased a new stake in shares of Motorcar Parts of America in the fourth quarter valued at $512,000. Finally, Marshall Wace LLP lifted its holdings in shares of Motorcar Parts of America by 77.4% in the 4th quarter. Marshall Wace LLP now owns 115,331 shares of the auto parts company's stock worth $877,000 after acquiring an additional 50,302 shares during the last quarter. Hedge funds and other institutional investors own 83.48% of the company's stock.
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.
Read More
Before you consider Motorcar Parts of America, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Motorcar Parts of America wasn't on the list.
While Motorcar Parts of America currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
