Motorcar Parts of America (NASDAQ:MPAA - Get Free Report) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued to clients and investors on Thursday.
Separately, Cantor Fitzgerald began 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 target on the stock.
Check Out Our Latest Analysis on Motorcar Parts of America
Motorcar Parts of America Stock Performance
Shares of NASDAQ MPAA traded up $0.36 during midday trading on Thursday, hitting $10.42. 204,567 shares of the company's stock traded hands, compared to its average volume of 143,787. The company has a debt-to-equity ratio of 0.12, a quick ratio of 0.39 and a current ratio of 1.45. The stock has a market capitalization of $204.06 million, a price-to-earnings ratio of -10.53 and a beta of 1.47. The firm has a fifty day moving average of $7.53 and a 200 day moving average of $6.80. Motorcar Parts of America has a 1 year low of $4.36 and a 1 year high of $11.50.
Institutional Trading of Motorcar Parts of America
A number of hedge funds and other institutional investors have recently modified their holdings of MPAA. Northern Trust Corp increased its stake in Motorcar Parts of America by 4.7% in the 4th quarter. Northern Trust Corp now owns 52,469 shares of the auto parts company's stock worth $399,000 after buying an additional 2,347 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Motorcar Parts of America by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 961,295 shares of the auto parts company's stock worth $7,306,000 after purchasing an additional 2,960 shares in the last quarter. Captrust Financial Advisors boosted its stake in Motorcar Parts of America by 3.1% in the 3rd quarter. Captrust Financial Advisors now owns 99,635 shares of the auto parts company's stock worth $736,000 after purchasing an additional 3,005 shares during the period. Geode Capital Management LLC grew its holdings in Motorcar Parts of America by 1.4% during the 4th quarter. Geode Capital Management LLC now owns 216,019 shares of the auto parts company's stock valued at $1,643,000 after buying an additional 3,025 shares in the last quarter. Finally, Equitable Trust Co. boosted its position in shares of Motorcar Parts of America by 9.3% during the third quarter. Equitable Trust Co. now owns 67,965 shares of the auto parts company's stock worth $502,000 after acquiring an additional 5,780 shares during the last quarter. 83.48% of the stock is owned by hedge funds and other institutional investors.
About Motorcar Parts of America
(
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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