Motorcar Parts of America (NASDAQ:MPAA) Now Covered by Cantor Fitzgerald

Cantor Fitzgerald started coverage on shares of Motorcar Parts of America (NASDAQ:MPAA - Get Free Report) in a report released on Friday, Marketbeat.com reports. The firm set an "overweight" rating and a $14.00 price target on the auto parts company's stock. Cantor Fitzgerald's price target would suggest a potential upside of 76.99% from the company's previous close.

Separately, StockNews.com upgraded shares of Motorcar Parts of America from a "hold" rating to a "buy" rating in a research note on Wednesday, November 13th.

Motorcar Parts of America Stock Performance

Shares of MPAA traded up $0.10 on Friday, reaching $7.91. 73,564 shares of the company's stock traded hands, compared to its average volume of 78,872. The stock's 50 day simple moving average is $6.67 and its two-hundred day simple moving average is $6.33. The company has a current ratio of 1.39, a quick ratio of 0.43 and a debt-to-equity ratio of 0.12. Motorcar Parts of America has a 52-week low of $4.36 and a 52-week high of $10.40. The stock has a market cap of $157.03 million, a PE ratio of -2.26 and a beta of 1.53.

Insider Transactions at Motorcar Parts of America

In related news, Director Bison Capital Partners Vi, L.P acquired 50,000 shares of the firm's stock in a transaction that occurred on Thursday, November 14th. The shares were bought at an average cost of $6.86 per share, for a total transaction of $343,000.00. Following the completion of the transaction, the director now owns 320,300 shares in the company, valued at approximately $2,197,258. This trade represents a 18.50 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 6.70% of the company's stock.

Institutional Trading of Motorcar Parts of America

Several institutional investors and hedge funds have recently made changes to their positions in MPAA. Barclays PLC purchased a new position in shares of Motorcar Parts of America in the 3rd quarter worth about $79,000. Privium Fund Management UK Ltd boosted its stake in Motorcar Parts of America by 22.4% in the second quarter. Privium Fund Management UK Ltd now owns 27,509 shares of the auto parts company's stock worth $163,000 after buying an additional 5,038 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in shares of Motorcar Parts of America by 24.9% during the second quarter. Oppenheimer Asset Management Inc. now owns 35,003 shares of the auto parts company's stock worth $216,000 after acquiring an additional 6,979 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Motorcar Parts of America in the 3rd quarter worth approximately $281,000. Finally, Perritt Capital Management Inc boosted its stake in shares of Motorcar Parts of America by 6.7% in the 2nd quarter. Perritt Capital Management Inc now owns 78,050 shares of the auto parts company's stock valued at $482,000 after purchasing an additional 4,867 shares in the last quarter. Hedge funds and other institutional investors own 83.48% of the company's stock.

Motorcar Parts of America Company Profile

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.